Infratil Exercise of Warrants
13 November 2008
The following information is provided in accordance with Listing Rules 7.12Class of security: Ordinary Shares
ISIN: NZIFTE0003S3
Number of Ordinary Shares issued: 1,250
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): 0.01%
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 Sharesin existence after the issue: 532,346,189
Total number of Warrants on issue after the above Warrants exercised: 85,007,943
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