APA GROUP — Director's Dealing 2025

Nov 2, 2025

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	16 September 2025

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	Direct and Indirect
Nature of indirect interest (including	Baker Watson Investments Pty Ltd
registered holder)	<Baker Watson Investment A/C>
Note: Provide details of the circumstances giving rise to therelevant interest.	Baker Watson Holdings Pty Ltd<Baker Watson S/F A/C>
Date of change	30 October 2025
No. of securities held prior to change	Direct
	Nil ordinary stapled securities
	632,458 performance rights
	Indirect
	202,741 ordinary stapled securities held through Baker
	Watson Investments Pty Ltd
	17,000 ordinary stapled securities held through Baker
	Watson Holdings Pty Ltd

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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					Performan	ce right	s, each being a	ri	ght to receive one
	Class				ordinar s	tapled sn of cert	ecurity in APAain performanc	Group, subject to thee hurdles.
					ysatisfactio
	Num	ber acquire	d		343,014 p	erforma	nce rights
	Num	ber dispos	ed		N/A
	Valu	e/Consider	ation		Nil.Theid	perfori	mancerightsAPA G	wereprovidedfornil’ l t iti
	Note: Iestima	f consideration is non-cash, provide details andted valuation			conseraarrangem	on unents as p	er rart of Mr Wats	ups ong erm ncenveon’s remuneration.
	No.	of securities	held after change		Direct
					Nil ordinar	stale	d securities
					975,472 p	y performa	nce rights
					Indirect
					202,741 oWatson In	rdinary svestmen	tapled securitits Pty Ltd	es held through Baker
					17,000 ordinary st		apled securitie	s held through Baker
					Watson Holdings		Pty Ltd
	Nature of chan		gee off-market trade exercise of		Grant of performaMr Watson, as appAnnual Meetin		nce rights as Froved by APA	Y26 long term incentive forsecurityholders as its 2025
	Example: on-market tra
	options, issue of securitiparticipation in buy-back		, ,es under dividend reinvestment pl	an,	g.

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 Nature of interest

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

_______________________________________________________________________________ Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
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.

01/01/2011 Appendix 3Y Page 3