APA GROUP — Capital/Financing Update 2018

Jun 24, 2018

Australian Pipeline Ltd ACN 091 344 704 | Australian Pipeline Trust ARSN 091 678 778 | APT Investment Trust ARSN 115 585 441 Level 25, 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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25 June 2018

ASX ANNOUNCEMENT

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

APA SIGNS LANDMARK DEAL WITH INCITEC PIVOT

APA Group (ASX:APA) today announced it has reached a landmark agreement with Incitec Pivot Limited (ASX: IPL). The contract, which will start on the commencement of commercial operations on the Northern Gas Pipeline, will deliver gas from the Mereenie field in southern Northern Territory, to IPL’s fertiliser plant at Gibson Island, Queensland, through some 3,300km of gas pipelines, the majority of which is APA’s East Coast Grid.

Managing Director Mick McCormack said, “IPL is a foundation customer of APA and it is very pleasing to help an industrial customer, particularly one with an almost 100 year history of manufacturing in Australia.

“APA is pleased to have been able to help make this deal happen, not only through our investment in developing the East Coast Grid over many years, but also because we have worked very closely with IPL to understand and then meet their needs by providing services in a market which is currently in tight supply.”

This unique and innovative solution for IPL will help see the Gibson Island plant continue to operate and contribute to the Australian economy, importantly maintaining jobs for Australians. “I am extremely pleased to say that APA has yet again been able to provide a cost effective and flexible service to one of its key customers. We are always looking to add value for our customers to assist them in optimising their energy requirements,” said Mr McCormack.

The transportation agreement is for an initial term that concludes 1 January 2020, with an extension option. Gas will be received on APA’s Amadeus Gas Pipeline at Mereenie, then transported via the Northern Gas Pipeline, to enter APA’s East Coast Grid at Mount Isa. From there, it will travel via the Carpentaria Gas Pipeline, the South West Queensland Pipeline and the Roma Brisbane Pipeline to finally reach IPL’s plant near Brisbane, Queensland.

Mr McCormack said, “By helping our customers with smart and flexible solutions that assist them to meet the requirements of their own customers and energy portfolios, we continue to support our significant investment in bringing together the East Coast Grid. We’re a growth business and we grow as our customers businesses grow. Currently, APA is in the midst of around $1.3 billion plus of further committed growth capital projects, the vast majority of which are for existing customers wanting new energy solutions.”

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Nevenka Codevelle Company Secretary Australian Pipeline Limited

For further information please contact:

Investor enquiries: Media enquiries: Jennifer Blake Patrick Sinclair Telephone: +61 2 9693 0097 Telephone: +61 2 8011 0592 Mob: +61 455 071 006 Mob: +61 403 708 431 Email: jennifer.blake@apa.com.au Email: psinclair@symbolstrategic.com.au

About APA Group (APA)

APA is a leading Australian energy infrastructure business, owning and/or operating in excess of $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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