Ann: OFFICE: IFT: RetireAustralia CEO Tim Russell to move on

• Release Date: 06/05/15 17:01
• Summary: OFFICE: IFT: RetireAustralia CEO Tim Russell to move on
• Price Sensitive: No
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					IFT
06/05/2015 17:01
OFFICE
NOT PRICE SENSITIVE
REL: 1701 HRS Infratil Limited

OFFICE: IFT: RetireAustralia CEO Tim Russell to move on

6 May 2015

Retire Australia - CEO Tim Russell to move on

After 10 years of acquisition, development and consolidation, and after the
recent sale of RetireAustralia, Tim Russell has decided to leave the business
to pursue a new opportunity.

The RetireAustralia Board and shareholders are grateful to Tim for the
quality of the business and the team, and the comprehensive transition of the
Company into new ownership since the acquisition on 31 December 2014.

RetireAustralia Chairman Steve Fitzgerald said that Tim should be very proud
of the business that he has built and the positive way he has assisted
Infratil and the NZ Super Fund as new owners. We wish him well in his new
venture.

Tim will step down at the end of May, but has agreed to continue to assist
the Board and Management for at least a further six months while a process is
run to seek a replacement CEO.

Mark Taylor, CFO, will become the acting CEO while the new CEO search is
undertaken.

ENDS
Contacts:
Infratil; Mark Flesher, Investor Relations, +64 4 473 3663, [email protected]

NZ Super Fund; Catherine Etheredge, Head of Communications,
+64 274 777 501, [email protected]

Infratil

Infratil is an owner and operator of businesses in the energy (mainly
renewable), airport, public transport, and social infrastructure sectors. Its
energy operations are predominantly in Australia and New Zealand. The Company
owns Wellington Airport in New Zealand. Infratil's public transport services
are in Auckland and Wellington, New Zealand. It also has an investment in
Metlifecare, one of New Zealand's leading providers of retirement and aged
care living facilities. It currently manages assets in excess of NZ$ 4
billion.

Infratil invests in growth infrastructure sectors supporting excellent
management and employee commitment to deliver top quartile financial,
operational and service performance.
Infratil is listed on both the New Zealand and Australian Stock Exchanges
(IFT.NZ, IFZ.AX).

NZ Super Fund

The New Zealand Superannuation Fund is a NZ$29 billion sovereign wealth fund
established by the New Zealand Government to partially pre-fund the future
cost of universal pension payments. A long-term, growth-oriented investor,
the Fund has returned 10.2% p.a. since inception in 2003. The Fund is managed
by the Guardians of New Zealand Superannuation, a Crown entity. The Fund also
has investments in Australian toll roads, timber, private equity and listed
equities. For more information, visit www.nzsuperfund.co.nz.

RetireAustralia

RetireAustralia is a leading operator in the retirement living sector in
Australia, with over 3600 independent living units and apartments across 28
villages in NSW, SA and QLD.  It is the largest privately-held pure-play
retirement operator in Australia and has an experienced management team
headquartered in Brisbane.
End CA:00263998 For:IFT    Type:OFFICE     Time:2015-05-06 17:01:49