APA GROUP — Capital/Financing Update 2016

Oct 12, 2016

Austr a lian Pipeline Lt d ACN 091 344 7 04 | Australian P ipeline Trust ARSN 091 678 778 | APT Investmen t Trust ARSN 115 585 441 L evel 19, 580 Ge o rge Street Syd n ey NSW 2000 | PO Box R41 Ro y al Exchange N S W 1225 Phone + 61 2 9693 0000 | Fax +61 2 9693 0093 AP A Group | apa. c om.au

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13 O ctober 201 6

ASX ANNOUNC E MENT

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

APA ISSUES A$200 MILLION MEDIUM TERM NOTES

Australia’s largest natural gas infrast r ucture bus i ness, APA G roup (AS X :APA), tod a y announ c ed the la u nch an d pricing of an issue o f A$200 mil l ion of 7-year fixed-rate A$ Medi u m Term N o tes (“MTN s ”) to Austr a lian an d internatio n al institutional bond i n vestors.

The MTNs are p riced at a margin of 180 basis p o ints above the bench m ark, bein g the 7-yea r mid-swap rate pre v ailing at t h e time of p ricing.

The proceeds of the issu e will be us e d to refin a nce existi n g facilities ahead of m aturity a n d reduce d ebt costs in the longer term.

Chi e f Financial Officer, P e ter Fredri c son said: “This is the first time in over 6 ye a rs that AP A has raise d A$ MT N s. When A PA issued its inaugur a l A$ MTNs i n July 201 0 , we were the first BB B rated cor p orate issu e r to ac h ieve 10-ye a r tenor in the Australi a n market.

“This MTN issu a nce is con s istent with APA’s capital manag e ment strategy, which aims to m a intain our long ter m debt ma t urity profile in a divers e range of d ebt capit a l markets g lobally. O u r BBB (Sta b le outlook) and Ba a 2 (Stable o utlook) cre d it ratings f r om S&P and Moody’s allow us c o ntinued access to suc h markets.”

The joint lead a rrangers t o the MTN i s sue were A ustralia an d New Zea l and Banki n g Group, C ommonw e alth Ba n k of Austra l ia, National Australia B ank and W estpac Ba n king Corp o ration.

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Nevenka Codevelle

Co m pany Sec r etary Australian Pip e line Limite d

For further info r mation please conta c t:

Investor enquiries: Media enquiries: Yoko Kosugi Louise Watson Tel e phone: +61 2 9693 00 4 9 Telephon e : +61 2 807 9 2970 Mo b : +61 438 0 10 332 Mob: +61 4 19 185 674 Em a il: yoko.ko s ugi@apa.com.au Email: lwa t son@symb o lstrategic. c om.au

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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

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