Capital Change Notice (Dividend Reinvestment Plan)

16/12/2025 09:33 NZDT, SECISSUE

Infratil provides the attached Capital Change Notice pursuant to NZX Listing Rule 3.13.1.

This notice relates to the issue of 2,117,681 ordinary shares in connection with the Dividend Reinvestment Plan first announced on 13 November 2025.

Enquiries should be directed to:

Mark Flesher

Investor Relations

Email: mark.flesher@infratil.com

Authorised for release by:

Andrew Carroll

Chief Financial Officer