MORRISON & CO PEOPLE

Lloyd Morrison

Lloyd Morrison is Executive Chairman of H.R.L. Morrison & Co Group, the parent company of Infratil's manager. He is Chairman of Infratil Airports Europe (the holding company of Infratil's European airports) and a Director of Infratil, TrustPower and Auckland International Airport.

Lib Petagna

Lib Petagna is an Executive Director of Morrison & Co Group and a Director of NZ Bus. Mr Petagna has had extensive involvement in the provision of advisory services to the infrastructure sector.

Kevin Baker

Kevin Baker, ICANZ, is Chief Financial Officer of Infratil. Mr Baker is responsible for financial and management accounting, reporting and systems for Infratil and its 100% owned subsidiaries. Mr Baker has considerable energy sector experience, having previously been CFO of NGC Holdings Limited.

Tim Brown

Tim Brown specialises in financial structuring and has been responsible for the funding of both Infratil and a number of investee companies. Mr Brown is a Director of Wellington Airport and NZ Bus.

Roger Crawford

Roger Crawford heads Morrison & Co's Australian Energy Sector operations from the Company's Brisbane Office. He has over 20 years experience in the electricity supply industry in the areas of generation and transmission planning and operations. Mr Crawford is a Director of Victoria Electricity.

John Culy

John Culy is a specialist in energy and utility economics with specific expertise in the analytic techniques of hydro/thermal power system modelling, operation and planning. Mr Culy is also a specialist in the theory and practice of electricity and transmission spot pricing and financial economics.

Dr Bruce Harker

Dr Bruce Harker heads Morrison & Co's Energy Sector team and has an extensive background in the electricity industry including direct utility management roles, advisory and investment experience. Dr Harker is Chairman of TrustPower, Deputy Chairman of Energy Developments, and Chairman of Victoria Electricity.

Terry McAlister

Terry McAlister, ACA, is Company Secretary and Chief Financial Officer of Morrison & Co.

Paul Ridley-Smith

Paul Ridley-Smith works on Infratil's major asset transactions. Mr Ridley-Smith has worked as a lawyer in New Zealand, Hong Kong and New York and looks after Infratil's legal and New Zealand Stock Exchange compliance matters. Mr Ridley-Smith is a Director of Wellington International Airport and Infratil Airports Europe.

George Royal

George Royal has extensive experience in wholesale electricity selling, power system operation and transmission planning. Mr Royal is based in Morrison & Co's Wellington Office but spends a considerable amount of his time working in the Australian energy sector.

Adam Stannard

Adam Stannard is a member of Morrison & Co's Energy Sector team based in Brisbane. He is a specialist in the analysis, valuation and structuring of energy contracts and merchant asset positions. Mr Stannard has previously worked in Europe and Australia in the wholesale electricity and gas sectors.

Dr Graeme Thomson

Dr Graeme Thomson is one of New Zealand's leading investment analysts.

Phil Walker

Phil Walker heads Morrison & Co Airports Group and operates from Morrison & Co's Brisbane office. Mr Walker is a director of Infratil Airports Europe.