2016 INTERACTIVE ANNUAL REPORT

InfraREIT is externally-managed by Hunt Utility Services, a team of experienced executives and personnel who bring expertise from their work with the Hunt affiliation of privately-held companies, which are based in Dallas, Texas, and are wholly-owned subsidiaries of Hunt Consolidated, Inc., managed by the Ray L. Hunt family. These entities are engaged in oil and gas exploration and production, refining, liquefied natural gas (LNG) processing, power, real estate, investments, ranching and infrastructure.

InfraREIT’s management team maintains a close relationship with the Hunt affiliation of companies in providing fully developed teams dedicated to project development, business development, legal, accounting, finance, regulatory, investor relations, human resources, operations and engineering functions.

David Campbell , , , Chief Executive Officer of InfraREIT

David Campbell is president of Hunt Utility Services; president and chief executive officer of InfraREIT; and president and chief executive officer of Sharyland. Prior to joining InfraREIT in 2014, Campbell was president and chief operating officer of Bluescape Resources, an independent resource and investment company based in Dallas, Texas. Before that, he served as chief executive officer of Luminant, a competitive power generation subsidiary of EFH (previously TXU). Campbell originally joined TXU Corp. in 2004 as executive vice president of corporate planning, strategy and risk and became chief financial officer of TXU Corp. in early 2006. Before TXU, he was a principal in the Dallas office of McKinsey & Company, where he led the Texas and Southern Region hubs of McKinsey’s corporate finance and strategy practice. From 2010 to 2012, Campbell served as a board member for the National Nuclear Accrediting Board and the Electric Power Research Institute. Campbell earned a Bachelor of Arts from Yale University and a Juris Doctorate from Harvard Law School. Also, he graduated with a Master’s degree from Oxford University, where he studied as a Rhodes Scholar.

Stacey H. Doré , , , Senior Vice President & General Counsel of InfraREIT

Stacey Doré is senior vice president and general counsel of Hunt Utility Services and InfraREIT. Prior to joining InfraREIT, Doré spent eight years as in-house counsel at Energy Future Holdings Corp. (EFH), including serving as executive vice president and general counsel of EFH for the last four years. Doré was a trial lawyer with Vinson & Elkins LLP for 11 years before joining EFH. Doré received her juris doctorate from Harvard Law School in 1997. She graduated summa cum laude in 1993 from the University of Southwestern Louisiana, where she earned a B.A. in Journalism.

Brant Meleski , , , Senior Vice President & Chief Financial Officer of InfraREIT

Brant Meleski is Senior Vice President and Chief Financial Officer of InfraREIT, Inc. and Hunt Utility Services, L.L.C. In this capacity, Mr. Meleski leads and directs InfraREIT’s finance teams which include: financial planning and analysis, accounting, treasury, investor relations and information technology.

Meleski joined InfraREIT and Hunt Utility Services during 2014, after previously serving as Managing Director in Bank of America Merrill Lynch’s Global Energy & Power Investment Banking Group. During Meleski’s 17-year tenure, he was responsible for leading capital markets underwriting and merger & advisory assignments for U.S. utility clients.

Mr. Meleski earned an M.B.A. from the Goizueta Business School at Emory University and a B.S. in Finance from Clemson University.

Greg Imhoff , , , Vice President, General Tax Counsel & Corporate Secretary of InfraREIT

Greg Imhoff is vice president, general tax counsel and corporate secretary for Hunt Utility Services and InfraREIT, and is responsible for the company’s legal, tax and REIT compliance functions. Imhoff joined Hunt Power in 2010 as tax counsel. Prior to joining Hunt Power, Imhoff was the vice president and tax counsel for Behringer Harvard – a private equity firm specializing in the formation and operation of REITs. Before then Imhoff was the chief administrative officer and tax counsel for Brandywine Realty Trust and prior to Brandywine was the chief administrative officer and general counsel of Prentiss Properties Trust and guided its merger with Brandywine. Imhoff received an LL.M in Tax Law from Southern Methodist University, a Law degree from the University of Notre Dame and a B.S. in Accounting from Marquette University.

The information provided on these pages includes forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of risk factors that could affect future results and performance in our most recent prospectus and other SEC filings. InfraREIT, Inc. assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments.

InfraREIT, Inc. makes no claims concerning the accuracy of the information provided on these pages, and will not be held liable for any use of this information. Note: Historical and current stock price performance data is not necessarily indicative of future performance.