Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 18	A	Weak or Absent	Up	Up	Up	31.88%
May 17	A	Weak or Absent	Up	Up	Up	27.87%
May 16	A	Weak or Absent	Up	Up	Up	32.63%
May 15	A	Weak or Absent	Up	Up	Up	33.53%
May 12	A	Weak or Absent	Up	Up	Up	31.88%
May 11	A	Weak or Absent	Up	Up	Flat	33.83%
May 10	A	Weak or Absent	Up	Up	Up	30.71%
May 9	A	Weak or Absent	Up	Up	Flat	34.91%
May 8	A	Weak or Absent	Up	Up	Down	38.24%
May 5	A	Weak or Absent	Up	Up	Flat	35.84%