APA GROUP — Board/Management Information 2012

Oct 24, 2012

Hastings Funds Management Limited ABN 27 058 693 388 AFSL No. 238309

Level 27, 35 Collins Street Melbourne VIC 3000 Australia T +61 3 8650 3600 F +61 3 8650 3701 www.hfm.com.au Melbourne, London, New York, Sydney

Total pages: 1

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ASX Announcement

Hastings Diversified Utilities Fund (HDF)

25 October 2012

HDF CEO Colin Atkin to depart Hastings

Hastings Funds Management Limited (Hastings), as Responsible Entity for HDF, today advised that following the acquisition of HDF by the APA Group, HDF CEO Colin Atkin will relinquish his role as HDF CEO and leave Hastings at the end of this calendar year.

The Board of Hastings acknowledged the efforts of Colin over the last four years including the successful transformation of HDF into not only one of Australia’s leading utility funds, but also one of the best performing stocks on the ASX.

Chairman of Hastings, Alan Cameron, said, “Colin leaves Hastings with the best wishes of the Board, the superb job he did with HDF is widely recognised as one of the great success stories of the ASX in the last few years.”

The CEO of Hastings, Andrew Day, said, “Colin joined Hastings four years ago and was given the task of rebuilding HDF from 2010. Colin has been a very effective Fund Manager for Hastings and everyone at the company wishes Colin and his family the very best for the future.”

“I am very proud of the results achieved by the HDF team that has included the Hastings and Epic Energy staff and our advisors. The team’s considerable effort has enabled Securityholder value to rise from $600 million to over $1.6 billion in the past three years. I look forward to the challenges of 2013 and the opportunities that may be presented,” said HDF CEO Colin Atkin.

For further enquiries, please contact:

Andrew	Day	Simon Ondaatje
Chief Executive		Head of Investor Relations
Hastings	Funds Management	Hastings Funds Management
Tel:	+61 3 8650 3600	Tel: +61 3 8650 3600
Fax:	+61 3 8650 3701	Fax: +61 3 8650 3701
Email:	investor_relations@hfm.com.au	Email: investor_relations@hfm.com.au
Website:	www.hfm.com.au	Website: www.hfm.com.au

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Jane Frawley Company Secretary

Hastings Funds Management Limited

Unless otherwise stated, the information contained in this document is for informational purposes only. It does not constitute an offer of securities and should not be relied upon as financial advice. The information has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person or entity. Before making an investment decision you should consider, with or without the assistance of a financial adviser, whether any investments are appropriate in light of your particular investment needs, objectives and financial circumstances. Neither Hastings, nor any of its related parties including Westpac Banking Corporation ABN 33 007 457 141, guarantees the repayment of capital or performance of any of the entities referred to in this document and past performance is no guarantee of future performance. Hastings, as the Manager or Trustee of various funds, is entitled to receive management and performance fees.

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