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Determination of eligibility of investors for the purposes of the Retail Offer is determined by reference to a number of matters, including legal regimes and the discretion of the Lead Managers and the Company. New Zealand Reserve Bank on its website at 3.00pm New Zealand time on the closing date of the Retail Offer), shares having a total issue price equal to NZ$50,000 (converted in accordance with the Retail Offer booklet), which may be less than A$45,000, will be issued to the shareholder and they will be refunded the excess cash amount. Turn on the PMP400 and the screen will display "The USB host port is connected, press to continue." After button is pressed, the data will start to transfer, at same time, the hard disk indicator will be blinking to show the data is transferring. New house wiring is an opportunity to ensure that you will be able to access power and data to meet expected and future requirements. Lighting purpose and aesthetics will determine what kind of fitting you want in any given area.

All capitalised but otherwise undefined terms in this Important Notice section have the meanings given to them in other sections of this announcement. The information in this announcement remains subject to change without notice. Any pro forma and forecast financial information provided in this presentation is for illustrative purposes only and should not be relied upon as, and is not represented as, being indicative of Infratil’s future financial performance and/or condition. You are asked to do this in order to verify that this enquiry is not being performed by an automated process. Renovations are a good opportunity to look at house rewiring. That gives a good picture of the tech scene. Pacifecon is a good company, offering excellent training options and back up support… The quality of their project information is second to none and Pacifecon has the ability to customise their website specifically for our needs. The Market Intelligence Pacifecon provides keeps us informed on who is doing what in the market place and enables us to start conversations between companies to grow our business relationships.

Investors are strongly cautioned not to place undue reliance on any forward-looking statements, such as indications of, and guidance on, outlook, future earnings and financial position and performance, which reflect the Company’s views only as of the date of this release. To the maximum extent permitted by law, each of the Company, Barrenjoey Markets Pty Limited, acting jointly with Forsyth Barr Limited, and UBS New Zealand Limited (the "Lead Managers") and their respective affiliates, related bodies corporate, directors, officers, partners, employees, agents and advisers disclaim all liability and responsibility (whether in tort (including negligence) or otherwise) for any direct or indirect loss or damage which may be suffered by any person through use of or reliance on anything contained in, or omitted from, this announcement. Securities Act. Although IFT believes these non-IFRS financial measures provide useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-IFRS financial information/non-GAAP financial measures included in this announcement.

Such non-IFRS financial information/non-GAAP financial measures do not have a standardised meaning prescribed by NZ IFRS or IFRS. Investors should be aware that certain financial measures included in this announcement are ‘non-GAAP financial measures’ under the New Zealand Financial Markets Authority Guidance Note on disclosing non GAAP financial information, "non-IFRS financial information" under Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC and "non-GAAP financial measures" within the meaning of Regulation G under the U.S. The Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority. The forward-looking statements made in this presentation relate only to events as of the date of this announcement. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, many of which are beyond the control of IFT, its directors and management, are difficult to predict and may involve significant elements of subjective judgement and assumptions as to future events which may not be correct and could cause actual results to differ materially from those expressed in the forward-looking statements.

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