APA GROUP — Capital/Financing Update 2018

Feb 20, 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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21 February 2018

ASX ANNOUNCEMENT

APA Group (ASX: APA)

NOTICE UNDER SECTION 1012DAA(2)(f) OF THE CORPORATIONS ACT 2001

This notice is given by APA Group (ASX:APA) under section 1012DAA(2)(f) of the Corporations Act 2001 (Cth) (the Act ), as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 ( ASIC Instruments ). APA is comprised of Australian Pipeline Limited (ABN 99 091 344 704) ( APL ), in its capacity as responsible entity of Australian Pipeline Trust (ARSN 091 678 778) ( APT ) and APT Investment Trust (ARSN 115 585 441) ( APTIT ).

APA has announced a fully underwritten pro-rata accelerated institutional tradeable retail renounceable entitlement offer ( Entitlement Offer ) of 1 new APA stapled security ( New Securities ) for every 17 APA stapled securities held as at 7.00pm (Sydney time) on 26 February 2018 by stapled securityholders with a registered address in Australia, New Zealand and certain other jurisdictions in which APA decides to extend the offer.

A Retail Offer Booklet for the Entitlement Offer is expected to be dispatched to eligible retail securityholders on 2 March 2018.

APA confirms that:

• (a) the New Securities will be offered for issue without disclosure under Part 7.9 of the Act and without a product disclosure statement being prepared;

• (b) this notice is being given under section 1012DAA(2)(f) of the Act as notionally modified by the ASIC Instruments;

• (c) as a disclosing entity, APA is subject to regular reporting and disclosure obligations;

• (d) as at the date of this notice, APA has complied with:

  • i. the provisions of Chapter 2M of the Act as they apply to APA; and

  • ii. section 674 of the Act;

• (e) as at the date of this notice, there is no excluded information of the type referred to in sections 1012DAA(8) or 1012DAA(9) of the Act; and

• (f) the potential effect the issue of New Securities will have on the control of APA, and the consequences of that effect, will depend on a number of factors, including investor demand and existing securityholdings. Given:

  • i. the Entitlement Offer is structured as a pro rata issue and is fully underwritten; and

  • ii. the current level of holdings of substantial holders in APA (based on substantial holding notices that have been given to APA and lodged with ASX on or prior to the date of this notice),

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the issue of the New Securities under the Entitlement Offer is not expected to have a material effect or consequence on the control of APA.

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Nevenka Codevelle

Company Secretary Australian Pipeline Limited

For further information please contact:

Investor enquiries: Media enquiries: Jennifer Blake Louise Watson Telephone: +61 2 9693 0097 Telephone: +61 2 8011 0591 Mob: +61 455 071 006 Mob: +61 419 185 674 Email: jennifer.blake@apa.com.au Email: lwatson@symbolstrategic.com.au

About APA Group (APA)

APA is Australia’s leading 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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