15 October 2013


Infratil agrees to sell Manston Airport

Infratil Limited has agreed to sell Manston Airport to Lothian Shelf (710) Limited, an entity
wholly owned by Ann Gloag, for cash consideration of £1 plus an adjustment for working capital
variances and cash injected by Infratil between 14 October 2013 and transaction completion
(which is expected to be around GBP350,000). Ann Gloag is an experienced investor who
co-founded Stagecoach Group, the UK-listed public transport operator, along with her brother,
Brian Souter.

“Infratil Limited is very pleased to have found an acquiror with a vision for Manston Airport’s
future development.” said Marko Bogoievski, Chief Executive of Infratil. “From Infratil’s
perspective, while Manston was a very small part of the company’s overall asset base, this sale
will result in a more focused portfolio and improve our future cash flow position.”