Ausnet Services : Results for Announcement to the Market AusNet Services - Half Year 2018 Results

15 November 2017

TO: ASX Limited

Singapore Exchange Securities Trading Limited

Results for Announcement to the Market AusNet Services Half Year 2018 Results

The following documents are attached:

1. ASX Appendix 4D - Half Year Report for the half year ended 30 September 2017; and

2. AusNet Services Interim Financial Report for the financial period ended 30 September 2017.

Company Secretary

AusNet Services Ltd ABN: 45 603 317 559

Appendix 4D Half year report

Half Year ending 30 September 2017

1. The current reporting period is the half year ended 30 September 2017. The previous corresponding period is the half year ended 30 September 2016.
2. Results for announcement to the market

   30 September 2017 $M	30 September 2016 $M	% change	Up / down
   2.1 Revenue from ordinary activities	1,068.7	1,020.4	4.7%	Up
   2.2 Profit from ordinary activities after tax attributable to shareholders comprises: Profit from continuing operations	203.7	178.6	14.1%	Up
   2.3 Net profit for the half year attributable to shareholders	203.7	178.6	14.1%	Up

3. Dividends for the half year ended 30 September 2017:

   Cents per share
   Interim 2018 dividend: Unfranked dividend Total interim dividend	4.63 4.63
   Previous corresponding	2.20
   period interim 2017 dividend:
   Franked dividend
   Unfranked dividend	2.20
   Total interim dividend	4.40

4. The record dates for determining entitlements to the dividends:

   Record date	Payment date
   21 November 2017	21 December 2017

5. Brief explanation of revenues, profits after income tax and dividends:

   Refer to the Directors' report within the attached Interim Financial Report.

6. Net tangible assets per share

   30 September 2017	30 September 2016
   Net tangible assets per share	$0.88	$0.84

7. Gain or loss of control over entities

   AusNet Services did not gain or lose control over any entities during the period.

8. Dividends

   Dividends paid during the interim period are:

   Cents per share Total dividend $M Date paid

   Unfranked ordinary dividend Unfranked special dividend

   4.4

   1.0

   158.6

   36.0

   27 June 2017

   27 June 2017

   5.4 194.6

   In relation to the dividends paid on 27 June 2017 of $194.6 million, $12.2 million was utilised in the allotment of new shares issued under the Dividend Reinvestment Plan (DRP).

9. Dividend Reinvestment Plans

   The AusNet Services Ltd DRP is in operation for the FY2018 interim dividend and is available for participation by shareholders with registered addresses in Australia, New Zealand, Singapore and Hong Kong.

   Eligible shareholders participating in the DRP for the FY2018 interim dividend will be issued with AusNet Services shares at the average trading price (no discount applies). The average trading price will be the average of the volume weighted average price of shares in AusNet Services Ltd sold in ordinary market transactions on the ASX during the 10 trading days from 23 November 2017 to 6 December 2017 (inclusive).

   The record date for the FY2018 interim dividend is 21 November 2017. The deadline for the receipt of elections for participation in the DRP for the FY2018 interim dividend is 5.00pm (Australian Eastern Daylight Time) on 22 November 2017.

   Participation is subject to the DRP Rules - available at www.ausnetservices.com.au (> Investors > Shares and Investors > Dividend Reinvestment Plan).

10. Details of associates/joint ventures

    AusNet Services Ltd had no associates or joint ventures in operation as at or for the half year ended 30 September 2017.

11. Foreign Entities

    Not Applicable.

12. Status of review of accounts

13. The half year report is based on accounts which have been subject to an independent review. The AusNet Services Ltd accounts are not subject to dispute or qualification.

    Date: 15 November 2017