AIA – Sale of North Queensland Airports completed

Market Release | 7 March 2018 Sale of North Queensland Airports completed Auckland Airport has announced today that it has completed the sale of its 24.6% shareholding in North Queensland Airports ("NQA") for AU$370 million. Auckland Airport Chief Financial Officer, Phil Neutze, says "Today's announcement completes a year-long process involving a strategic review of our investment in NQA and discussions with both existing investors and potential third party investors." "Our eight-year investment in NQA has been a very successful one. The sale of our shareholding ensures that we can focus on growing our New Zealand travel, trade and tourism businesses and recycle the proceeds of the sale into supporting the significant investment in aeronautical infrastructure at Auckland Airport over the next five years." Auckland Airport was advised during the sale process by First NZ Capital, Credit Suisse and MinterEllison. Ends For further information please contact: Investor enquiries Suzannah Steele +64 9 257 7043 suzannah.steele@aucklandairport.co.nz Media enquiries Auckland Airport Public Affairs +64 27 406 3024 End CA:00315214 For:AIA Type:GENERAL Time:2018-03-07 15:31:53