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APA GROUP Capital/Financing Update 2009

Feb 4, 2009

64398_rns_2009-02-04_891ba9f7-a1e3-4919-a9ee-5fa70ca55059.pdf

Capital/Financing Update

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5 February 2009

Strong support for Rights Issue Two largest shareholders participating

Envestra Limited announced on 22 December 2008 that it was offering eligible shareholders the opportunity to subscribe for new securities under its 2 for 5 Rights Issue. The Offer closes tomorrow, 6 February.

The Company is pleased to advise that Cheung Kong Infrastructure Holdings (Malaysian) Ltd (18.06%) has subscribed to the Rights Issue. Envestra’s largest shareholder, APA Group (19.07%), had also committed to participate. There has been strong support from the Company’s retail investors with almost 20% of shareholders supporting the issue to date.

APA Group is acting as Underwriter to the Offer, up to a maximum that would give APA Group a security holding of 35%. Based on current levels of acceptances, it is expected that the targeted $111 million of new equity will be raised.

Details of the Rights Issue are available on the Company’s website www.envestra.com.au.

For further information contact:

Envestra Limited

Des Petherick, Company Secretary

Telephone: (08) 8227 1500