APA GROUP — Capital/Financing Update 2014

Dec 11, 2014

==> picture [563 x 119] intentionally omitted <==

----- Start of picture text ----- NoticeNotice reference number: 1444.14.12 Notice date: 12/12/2014----- End of picture text -----

		ce reference number: 1444.1	4.12	4.12		Notice date: 12/12	Notice date: 12/12	Notice date: 12/12
Wh		at’s this about?				Effecti	ve date: 12/1	2/2014
	�	ASX Trade ASX 24
	�	TradinClearin	Settl	ment
		g g

Title

APA GROUP – ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER

Description

APA Group (Group) (ASX Code: APA) announced a 1 for 3 underwritten accelerated renounceable pro-rata entitlement offer of new stapled securities at an issue price of $6.60 per new stapled security to raise approximately A$1,839 million (Entitlement Offer).

The Entitlement Offer has the following two components.

• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).

• A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Entitlement Offer).

New stapled securities issued under the Entitlement Offer will not be eligible for the FY15 interim distribution but will rank equally with existing stapled securities on issue from the date of issue.

The Entitlement Offer is fully underwritten.

The anticipated timetable in relation to the Entitlement Offer is set out below.

Event	Date
Trading Halt commences (prior to market open)Institutional Entitlement Offer opens	Wednesday 10 December 2014
Institutional Entitlement Offer closes	Thursday 11 December 2014
Institutional Entitlement Offer shortfall bookbuild	Friday 12 December 2014
Announce results of Institutional Entitlement OfferTrading Halt lifted (prior to market opens) – Ordinary securitiesrecommence trading (ASX code: APA)Record Date for Entitlement Offer	Monday 15 December 2014

Page 1 of 3

(continued)

ASX Notice Notice

Retail Entitlement Offer opens	Tuesday 16 December 2014
Entitlement Offer booklet despatched to retail securityholders	Wednesday 17 December 2014
Early Retail Acceptance Date for eligible retail securityholders	5:00pm, Friday 19 December 2014
Settlement of Institutional Entitlement Offer and Retail EntitlementOffer for applications received by Early Retail Acceptance Date(Initial Settlement Date)	Monday 22 December 2014
New stapled securities issued under Institutional Entitlement Offerand Retail Entitlement Offer for applications received by the EarlyRetail Acceptance Date (commence trading on a normal t+3 basis)(ASX code: APA)	Tuesday 23 December 2014
Retail Entitlement Offer closes (Final Retail Closing Date)	Thursday 15 January 2015
Announce results of Retail Entitlement OfferRetail Entitlement Offer shortfall bookbuild (after market close)	Tuesday 20 January 2015
Settlement of remaining new stapled securities under RetailEntitlement Offer	Tuesday 27 January 2015
Issue of new stapled securities under Retail Entitlement Offer (FinalAllotment)	Wednesday 28 January 2015
Remaining new stapled securities issued under the Final Allotmentcommence trading on a normal t+3 basis (ASX code: APA)	Thursday 29 January 2015

Settlement issues

Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, i.e. the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum’ basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ex-basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a ‘cum’ market with respect to trading in the Group’s securities. Persons who acquire the Group’s securities after the commencement of the trading halt on Wednesday 10 December 2014 are not entitled to participate in the Entitlement Offer.

Page 2 of 3

(continued)

ASX Notice Notice

What do I need to do and by when?

For further details, please refer to the Group’s announcements on Wednesday 10 December 2014.

Need more information?

If further information is required in relation to the Entitlement Offer, please contact the Group on 1800 992 312 (within Australia) or +61 1800 992 312.

Issued by Anthony Ingegneri

Disclaimer

Page 3 of 3