APA GROUP — Capital/Financing Update 2008

Nov 2, 2008

Service Stream Limited Level 12, 555 Lonsdale Street Melbourne, Victoria, 3000 PO Box 14570 Melbourne, Victoria 8001

www.servicestream.com.au

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Tel: 61 3 9677 8888 Fax: 61 3 9677 8800 ABN: 46-072-369-870

ASX & Media Release

3 November 2008

Awarded long-term contract renewal with APA Group

Service Stream Limited (ASX Code: SSM) announces the awarding of a new long term metering services contract with APA Group (ASX Code: APA). APA owns and operates gas transmission and network infrastructure across Australia.

The new five (5) year contract signed with Service Stream’s wholly owned subsidiary AMRS (Aust) Pty Limited (AMRS) covers the provision of gas meter reading services in South Australia, Victoria, Queensland and Alice Springs. The contract will employ in excess of 100 people nationally and is estimated to be worth $23 million over the term.

AMRS forms part of the Service Stream’s utilities infrastructure services division where annual revenues exceed $150 million. AMRS’ 800 plus field based staff deliver a range of metering services and associated field services to utilities and local Councils nationally. AMRS is responsible for delivering over 27 million data reads per annum to customers in the electricity, water and gas sectors.

Commenting on the announcement Service Stream Managing Director and CEO Mr Patrick Flannigan said: “We are delighted to have extended our national partner status with APA for a further 5 years and look forward to building on the relationship with our expanding services offering.”

Service Stream’s Executive General Manager of Metering Services Mr Brett Gallagher added: “The new contract represents an industry benchmark for metering services in the gas sector, and demonstrates our ability to support the growth in key customers’ businesses on a national scale.”

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For further details contact:

Patrick Flannigan, Managing Director & Chief Executive Officer Service Stream Limited Tel: (61 3) 9677 8888

Jo May & John Dowell, Investors & Media Alitum Partnership Tel: (61 3) 9200 7069 / 9200-7098

Michael Doery, Executive Director & Chief Financial Officer Service Stream Limited Tel: (61 3) 9677 8888

About Service Stream Limited:

Service Stream is a public company listed on the Australian Stock Exchange (Code: SSM) with annualised revenues approaching A$650 million. The company is an industrial services enterprise with proven outsourced infrastructure deployment, management and service capabilities across 52 locations throughout Australia. Service Stream’s workforce of over 4,000 supports large asset owners on the deployment, management and servicing of essential network infrastructure in the telecommunication, electricity, water and gas sectors. For more information please visit the Company’s website at www.servicestream.com.au.

About APA Group:

APA Group (Code: APA), comprised of Australian Pipeline Trust and APT Investment Trust, is the major ASX-listed energy transmission company in Australia with interests in almost 12,000 km of natural gas pipeline infrastructure, over 2,300 km of gas distribution networks in south east Queensland, Coal Seam Gas processing plants, gas fired power stations, gas storage facilities and two high voltage direct current interconnector systems. APA manages and operates all its assets and also provides management and operation services to gas distribution and transmission company Envestra (which owns 19,100 km of natural gas distribution networks and 1,029 km of natural gas transmission pipelines). It also holds an 18 percent stake in Envestra and a one-third interest in the SEAGas pipeline. APA Group has a varied and quality customer base including AGL Energy, Cooper Eromanga Basin Producers, Xstrata, Newmont, CS Energy, BHP Billiton, OZ Minerals, Incitec Pivot, Origin Energy, RioTinto, Newcrest, Nickel West, Synergy and Verve Energy. For more information please visit the Group’s website at www.pipelinetrust.com.au.