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APA GROUP Capital/Financing Update 2009

Oct 29, 2009

64398_rns_2009-10-29_337cb61f-57a7-4a39-9247-7786285b5061.pdf

Capital/Financing Update

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ASX RELEASE

30 October 2009

The Manager

Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street Sydney NSW 2000

Electronic Lodgement

Dear Sir or Madam

Company Announcement

I attach the following announcement for release to the market:

  • SEA Gas Pipeline refinancing completed

Yours sincerely

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Mark Knapman Company Secretary

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ASX Release

30 October 2009

SEA Gas Pipeline refinancing completed

APA Group (ASX:APA) today announced the completion of $425 million non‐recourse project refinancing for the SEA Gas Pipeline. The new financing matures in October 2012, and replaces the existing financing, which was due to expire in December 2009.

APA has a one third interest in the 687km SEA Gas Pipeline, which transports natural gas from Victoria to South Australia.

For further information please contact:

Investor enquiries:

Chris Kotsaris

Investor Relations, APA Group

Tel: (02) 9693 0049 Mob: 0402 060 508 Email: [email protected]

About APA Group (APA)

APA Group (ASX: APA) is Australia’s largest natural gas infrastructure business, owning and/or operating more than $8 billion of gas transmission and distribution assets. Its pipelines span every state and territory in mainland Australia, delivering more than 50% of the nation’s gas usage. Unique among its peers, APA has direct management and operational control over its assets and investments. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline and Energy Infrastructure Investments (EII). For more information visit APA’s website www.apa.com.au.