Announcement

MKTUPDTE: IFT: Trustpower: Strategic review of retail business 10:28am 
IFT
28/01/2021 10:28
MKTUPDTE
NOT PRICE SENSITIVE
REL: 1028 HRS Infratil Limited

MKTUPDTE: IFT: Trustpower: Strategic review of retail business

Trustpower Limited (Trustpower), in which Infratil is a 51% shareholder, this
morning announced a strategic review of its retail business. The strategic
review will test market interest in Trustpower's retail business, while also
exploring the merits and business case to establish a standalone generation
business.

Infratil advises that it is supportive of Trustpower undertaking the
strategic review.

A copy of the Trustpower release is attached.

Any enquiries should be directed to:
Mark Flesher, Investor Relations, Infratil Limited mark.flesher@infratil.com
End CA:00366817 For:IFT Type:MKTUPDTE Time:2021-01-28 10:28:55

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