APA GROUP — Capital/Financing Update 2016

Dec 11, 2016

Australian Pipeline Ltd ACN 091 344 704 | Australian Pipeline Trust ARSN 091 678 778 | APT Investment Trust ARSN 115 585 441 Level 19, 580 George Street Sydney NSW 2000 | PO Box R41 Royal Exchange NSW 1225 Phone +61 2 9693 0000 | Fax +61 2 9693 0093 APA Group | apa.com.au

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12 December 2016

ASX ANNOUNCEMENT

APA Group (ASX: APA)

(also for release to APT Pipelines Limited (ASX: AQH))

EMU DOWNS SOLAR FARM

APA Group (ASX:APA), Australia’s largest gas infrastructure business, today announced that it has entered into a 12-year power purchase agreement with Western Australian energy provider, Synergy. The agreement is for Synergy to purchase both the energy and the Large-scale Renewable Generation Certificates (“LGCs”) from the 20MW Emu Downs Solar Farm for 12 years from January 2018.

The 20MW solar project will share the transmission connection and facilities with APA’s existing 80MW Emu Downs Wind Farm, which was acquired in June 2011, along with long-term energy and LGC offtake contracts with Synergy.

APA announced in September that the project had been selected to receive funding of $5.5 million from the Australian Renewable Energy Agency (“ARENA”) as part of its Large Scale Solar funding program. With the required commercial agreements now in place, construction of the approximately $50 million project is expected to commence in January 2017.

APA Group Managing Director, Mr Mick McCormack, said, “It is pleasing to be able to announce this project, which is the type of energy infrastructure asset that APA will continue to invest in. The Emu Downs Solar Project forms part of the execution of our growth strategy in the renewables power generation asset class. The expansion of APA’s existing Emu Downs Wind Farm with the complimentary solar generation makes logical and financial sense both from a power generation profile, as well as sharing transmission connection infrastructure. Funding from ARENA also demonstrates the innovative and viable business model of the project that will help Australia transition to a cleaner energy future.”

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Nevenka Codevelle

Company Secretary Australian Pipeline Limited

For further information please contact:

Investor enquiries: Media enquiries: Yoko Kosugi Louise Watson Telephone: +61 2 9693 0049 Telephone: +61 2 8079 2970 Mob: +61 438 010 332 Mob: +61 419 185 674 Email: yoko.kosugi@apa.com.au Email: lwatson@symbolstrategic.com.au

About APA Group (APA)

APA is Australia’s largest natural gas infrastructure business, owning and/or operating around $20 billion of energy infrastructure assets. Its gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation’s gas usage. APA has direct management and operational control over its assets and the majority of its investments. APA also holds ownership interests in a number of energy infrastructure enterprises including SEA Gas Pipeline, SEA Gas (Mortlake) Partnership, Energy Infrastructure Investments and GDI Allgas Gas Networks.

APT Pipelines Limited is a wholly owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.

For more information visit APA’s website, apa.com.au