APA INFRASTRUCTURE LIMITED — Director's Dealing 2025

Jul 30, 2025

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

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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

	ation or documents not available now must be given to ASX as soon as available. Information and documents givene ASX’s property and may be made public.	ation or documents not available now must be given to ASX as soon as available. Information and documents givene ASX’s property and may be made public.
	ced 30/09/01 Amended 01/01/11
Name of entity	e of entity	APA Group (consisting of APA Infrastructure Trust (ARSN 091 678 778) and APInvestment 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	27 February 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 or indirect interest	Direct or indirect interest	Direct and Indirect	Direct and Indirect
Nature of indirect interest (includingregistered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	ure of indirect interest (in	cluding	Baker Watson Inves	tments Pty Ltd
	stered holder)		<Baker Watson Inve	stment A/C>
Date of change			29 July 2025
No. of securities held prior to change			Direct77,430 ordinary stapled securities779,897 performance rightsIndirect59,103 ordinary stapled securities held through BakerWatson Investments Pty Ltd17,000 ordinary stapled securities held through BakerWatson Holdings Pty Ltd

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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Class	Ordinary stapled securities
Number acquired	Nil – refer to Nature of Change
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$8.29 per ordinary stapled security
No. of securities held after change	Direct20,559 ordinary stapled securities779,897 performance rightsIndirect115,974 ordinary stapled securities held through BakerWatson Investments Pty Ltd17,000 ordinary stapled securities held through BakerWatson Holdings Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Off market transfer of 56,871 ordinary stapled securities fromAdam Watson to Baker Watson Investments Pty Ltd <BakerWatson Investment Account>.

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 Name of registered holder (if issued securities)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- _______________________________________________________________________________Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

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.

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