APA GROUP — Director's Dealing 2023

Sep 21, 2023

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

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.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Adam Watson Date of last notice 8 September 2023

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest - Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant - interest. Date of change - No. of securities held prior to change - Class - Number acquired - Number disposed - Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation - No. of securities held after change -

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change - Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of 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	Offer for Mr Watson to participate in APA Group’s ShortTerm Incentive Plan for FY24 under the APA Group EquityIncentive Plan.
Nature of interest	Grant of a contractual entitlement for Mr Watson to receivea Short Term Incentive award of cash and/or fully paidOrdinary Stapled Securities in the APA Group subject to thesatisfaction of certain performance hurdles assessed at theconclusion of FY24.
Name of registered holder(if issued securities)	-
Date of change	15 September 2023
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	-
Interest acquired	Contractual entitlement to receive a FY24 Short TermIncentive award of cash and/or fully paid Ordinary StapledSecurities in the APA Group, with a target value of $960,000and a maximum value of $1,440,000 subject to thesatisfaction of certain performance hurdles assessed at theconclusion of FY24.
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Nil. Contractual entitlement was provided to Mr Watsonfor nil consideration under APA Group’s Short TermIncentivearrangementsaspartofMrWatson’sremuneration.
Interest after change	Contractual entitlement for Mr Watson to receive a ShortTerm Incentive award under the APA Group EquityIncentive Plan terms set out above.

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No. above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

• See chapter 19 for defined terms.

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