APA GROUP — AGM Information 2007

Sep 26, 2007

Australian Pipeline Ltd Australian Pipeline Trust APT Investment Trust ACN 091 344 704 ARSN 091 678 778 ARSN 115 585 441 AFSL 239 927

APPOINTMENT OF PROXY

If you would like to attend and vote at the Annual Meeting, please bring this form with you. This will assist in registering your attendance.

Please return your Proxy forms to: Link Market Services Limited Level 12, 680 George Street, Sydney NSW 2000 Locked Bag A14, Sydney South NSW 1235 Australia Toll free: 1800 992 312 From outside Australia: +61 2 8280 7132 Facsimile: (02) 9287 0309 ASX Code: APA Website: www.linkmarketservices.com.au

You can also lodge your vote on-line at www.linkmarketservices.com.au

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I/We being a member(s) of APA Group and entitled to attend and vote hereby appoint

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the Chairman OR if you are NOT appointing the Chairman of the of the Meeting Meeting as your proxy, please write the name of the (mark box) person or body corporate (excluding the registered securityholder) you are appointing as your proxy

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or failing the person/body corporate named, or if no person/body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the Meeting on my/our behalf and to vote in accordance with the following instructions (or if no directions have been given, as the proxy sees fit) at the Annual Meeting of Australia Pipeline Trust (to be held concurrently with the Annual Meeting of APT Investment Trust), to be held at 11:00am on Tuesday, 30 October 2007, at City Recital Hall, Angel Place, Sydney, New South Wales and at any adjournment of that Meeting.

Where more than one proxy is to be appointed or where voting intentions cannot be adequately expressed using this form, an additional form of proxy is available on request from the security registry. Proxies will only be valid and accepted by APA Group if they are signed and received no later than 48 hours before the Meeting. The Chairman of the Meeting intends to vote undirected proxies in favour of all items of business.

B To direct your proxy how to vote on any resolution please insert in the appropriate box below.X

For Against Abstain For Against Abstain Resolution 1 Resolution 3 Nomination of Russell Higgins for Nomination of Ross Gersbach for re-election as a Director re-election as a Director

Resolution 2 Nomination of Leonard Bleasel AM for re-election as a Director

Resolution 4 Nomination of Manharlal (George) Ratilal for re-election as a Director

• If you mark the Abstain box for a particular Item, you are directing your proxy not to vote on your behalf on a show of hands or on a poll and your votes will not be counted in computing the required majority on a poll.

C	SIGNATURE OF SECURITYHOLDERS – THIS MUST BE COMPLETED
Securityholder 1 (Individual) Joint Securityholder 2 (Individual) Joint Securityholder 3 (Individual) Sole Director and Sole Company Secretary Director/Company Secretary (Delete one) Director

This form should be signed by the securityholder. If a joint holding, either securityholder may sign. If signed by the securityholder’s attorney, the power of attorney must have been previously noted by the registry or a certified copy attached to this form. If executed by a company, the form must be executed in accordance with the securityholder’s constitution and the Corporations Act 2001 (Cwlth).

Link Market Services Limited advises that Chapter 2C of the Corporations Act 2001 requires information about you as a securityholder (including your name, address and details of the APA Group securities you hold) to be included in the public register of the entity in which you hold APA Group securities. Information is collected to administer your securityholding and if some or all of the information is not collected then it might not be possible to administer your securityholding. Your personal information may be disclosed to the entity in which you hold APA Group securities. You can obtain access to your personal information by contacting us at the address or telephone number shown on this form. Our privacy policy is available on our website (www.linkmarketservices.com.au).

APA PRX741