APA GROUP — Major Shareholding Notification 2010

May 17, 2010

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ASX RELEASE 18 May 2010

The Manager

Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street Sydney NSW 2000

Electronic Lodgement

Dear Sir or Madam

Company Announcement

I attach the following announcement for release to the market:

• Notice of change of interest of substantial holder in Hastings Diversified Utilities Fund (HDF)

Yours sincerely

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Mark Knapman Company Secretary

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Hastings Diversified Utilities Fund

ACN/ARSN 058 693 388

APT Pipelines Limited (ACN 009 666 700), and Australian Pipeline Limited ACN 091 344 704 ("APL") 1. Details of substantial holder(1) in its capacity as responsible entity of Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441), and their controlled entities ("APA Group")

Name

ACN/ARSN (if applicable) ACN 009 666 700

There was a change in the interests of the 14 05 2010 substantial holder on / /

The previous notice was given to the company on 12 04 2010/ / The previous notice was dated 12 04 2010/ /

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
		Person's votes	Voting power (5)	Person's votes	Voting power (5)
	Stapled Securities	74,087,830	14.9%	84,171,547	16.8%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
See Annexu	See Annexu	re A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes	Person's votes
	APA Group	APT Pipelines	APT Pipelines	on market purchases	84,171,547	84,171,547
		Limited	Limited

604 page 2/2 15 July 2001

5. Changes in association	5. Changes in association
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting
interests in the company or scheme are as follows:
	Name and ACN/ARSN (if applicable) Nature of association
	N/A N/A
6. Addresses
The addresses of persons named in this form are as follows:
	Name Address
	APA Group HSBC Building, Level 19, 580 George Street, Sydney NSW 2000
Signature
	print name capacity Mark Knapman Company Secretary
	sign here date / / 18 05 2010
	DIRECTIONS
(1)	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
	equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
	throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph		6 of the
	form.
(2)	See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)	See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)	Include details of:
	(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any
	document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or
	arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
	(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to
	which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e
	entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be
	included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
	the relevant interest was acquired.
(8)	If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9)	Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A

Changes in relevant interests

Date of change (Trade date)	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person’s votes affected
06/05/2010	APT Pipelines Limited	Purchase on-market	438,145.99	337,191	337,191
07/05/2010	APT Pipelines Limited	Purchase on-market	582,519.72	454,171	454,171
10/05/2010	APT Pipelines Limited	Purchase on-market	430,742.91	336,124	336,124
11/05/2010	APT Pipelines Limited	Purchase on-market	772,549.63	591,720	591,720
12/05/2010	APT Pipelines Limited	Purchase on-market	368,610.50	280,470	280,470
13/05/2010	APT Pipelines Limited	Purchase on-market	407,685.22	302,909	302,909
14/05/2010	APT Pipelines Limited	Purchase on-market	10,433,500	7,700,000	7,700,000
17/05/2010	APT Pipelines Limited	Purchase on-market	109,390.28	81,132	81,132