Ann: GENERAL: IFT: Infratil and NZSF unwind joint

• Release Date: 28/02/14 18:27
• Summary: GENERAL: IFT: Infratil and NZSF unwind joint holding vehicle for Z shares
• Price Sensitive: No
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					IFT
28/02/2014 16:27
GENERAL

REL: 1627 HRS Infratil Limited

GENERAL: IFT: Infratil and NZSF unwind joint holding vehicle for Z shares

As outlined in the attached Substantial Security Holder Notice, Infratil
Limited and Guardians of New Zealand Superannuation have unwound the joint
venture through which they held their 40% shareholding in Z Energy Limited
(NZX: ZEL, ASX: ZNZ). The parties now have direct control of their respective
20% shareholdings. The unwind was signalled in the prospectus for Z's IPO
last year.

The restrictions put in place at that time of the IPO on Infratil and
Guardians transferring their ZEL shares to third parties before the date for
the announcement of Z's financial results for the period ending 30 September
2014 remain unaffected.

Jason Boyes, Head of Legal, Infratil Limited
+64-4-473 2399
End CA:00247683 For:IFT    Type:GENERAL    Time:2014-02-28 16:27:22