APA GROUP — Director's Dealing 2022

Dec 22, 2022

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity APA Group (consisting of APA Infrastructure Trust (ARSN 091 678 778) and APA Investment Trust (ARSN 115 585 441)) ABN See above

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Adam Jeffrey Watson
Date of appointment	19 December 2022

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

• 397,255 Performance Rights held under the APA Group Equity Incentive Plan, subject to the satisfaction of certain performance hurdles.

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.

Baker Watson Investments Pty Ltd 55,556 Ordinary Stapled Securities <Baker Watson Investment A/C>

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Mr Watson has a contractual entitlement to
	participate in APA Group’s short term incentive
	arrangements for FY23 under the APA Group Equity
	Incentive Plan.
Nature of interest	Contractual entitlement to receive a short term
	incentive award of cash and/or fully paid Ordinary
	Stapled Securities in the APA Group, with a target
	value of $816,500 subject to the satisfaction of certain
	performance hurdles over the FY23 performance year.
Name of registered holder	Not applicable
(if issued securities)
No. and class of securities to	Not applicable
which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002