Auckland Airport and CPPIB settle proceedings

On 25 July 2008, Auckland International Airport Limited ("Auckland Airport") received notice of a claim from Canada Pension Plan Investment Board and its subsidiary, NZ Airport NC Limited (together, "CPPIB"). The claim related to Auckland Airport's request for reimbursement of expenses in relation to CPPIB's partial takeover offer for Auckland Airport. The claim also related to Auckland Airport's refusal to agree that the provisions of a confidentiality agreement which prevented CPPIB from trading in Auckland Airport shares no longer applied.

Auckland Airport and CPPIB announce that they have settled the claims. The terms of settlement are confidential. No further comment will be made.