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Share Buyback

27 May 2010

Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rules 7.12
Class of security:     Ordinary Shares
ISIN:    NZIFTE0003S3
Number of Ordinary Shares acquired:     750,000
Acquisition price (average):    $1.61
Date acquired:    26 May 2010
Payment:    In cash
Amount paid up:    Fully paid up ordinary shares
Percentage of the total class of securities issued (after the acquisition):    0.12%
Reason for the acquisition:  Considered by the Directors to be in the best interests of the Company and shareholders.
Specific authority for the acquisition: Shareholder approval dated 18 August 2008 & Board resolution dated 24 June 2008.
Total number of Ordinary Shares in existence after the acquisition:     606,404,778
Total number of ordinary shares in existence after acquisition and after deduction of Treasury Stock:  601,954,778
Treasury stock:    Shares acquired will be held as treasury stock.
K M Baker  
 

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