February 21,2008
AUCKLAND, NZ (21 February 2008): The Canada Pension Plan Investment Board (CPPIB) confirms it has consented to the payment by Auckland International Airport of a fully imputed interim dividend of 5.75 cents per share. CPPIB has agreed to waive clause 5.1(a) of the partial takeover offer to enable the payment of the interim dividend. CPPIB’s Vice President and Head of Infrastructure, Graeme Bevans, said CPPIB has agreed to payment of the dividend because CPPIB understands the importance to many shareholders of receiving the dividend in the usual time frame. In accordance with clause 7.1 of the offer, a standard provision of offers of this kind, the consideration payable under the takeover offer for each Auckland International Airport share will be reduced by 5.75 cents to NZ$3.5980 per share to reflect the payment of the dividend and the resultant decrease in the equity value of Auckland International Airport.
For further information contact: Joel Kranc Manager, Communications CPP Investment Board (416) 874-5163 Email: jkranc@cppib.ca