Infratil Exercise of Warrants (as at 31 Dec 2007)
11 January 2008
The following information is provided in accordance with
Listing Rules 7.12
Class of security: Ordinary Shares
ISIN: NZIFTE0003S3
Number of Ordinary Shares issued: 692,359
Issue Price: $1.62
Payment: In cash
Amount paid up: Ordinary Shares issued as fully paid up
Percentage of the total class of securities issued (after the issue): 0.16%
Reason for the issue: Warrants (IFTWB) exercised.
Specific authority for the issue: Terms and conditions of the issue of the Warrants
Terms or conditions of the issue: Warrantholders have the right to subscribe for Ordinary Shares, credited as fully paid, at an exercise price of $1.62
Total number of Ordinary Shares in existence after the issue: 442,898,875 (as at 31 December 2007)
Total number of Warrants on issue after the above Warrants exercised: 86,349,796 (as at 31 December 2007)
K M Baker
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