ALLOT: IFT: Exercise of Warrants

18 May 2010 10:19 am

IFT 18/05/2010 ALLOT

REL: 1019 HRS Infratil Limited

ALLOT: IFT: Exercise of Warrants

The following information is provided in accordance with Listing Rules 7.12

Class of security: Ordinary Shares

ISIN: NZIFTE0003S3

Number of Ordinary Shares issued: 1,101,863

Issue Price: $1.12

Payment: In cash

Amount paid up: Ordinary Shares issued as fully paid up

Percentage of the total class of securities issued (after the issue): 0.19%

Reason for the issue: Warrants (IFTWB) exercised.

Specific authority for the issue: Terms and conditions of the issue of the Warrants and in accordance with altered terms passed at a Special Meeting of IFTWB Warrantholders on 25 June 2009.

Terms or conditions of the issue: Warrantholders have the right to subscribe for Ordinary Shares, credited as fully paid, at an exercise price of $1.12

Total number of Ordinary Shares in existence after the issue: 572,058,627

Total number of ordinary shares in existence after issue and after deduction of Treasury Stock: 582,202,998

Total number of Warrants on issue after the above Warrants exercised: 34,583,404

K M Baker End CA:00195009 For:IFT Type:ALLOT Time:2010-05-18:10:19:13

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