APA INFRASTRUCTURE LIMITED — Director's Dealing 2025

Feb 26, 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	11 November 2024

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	26 February 2025
No. of securities held prior to change	Direct
	77,430 ordinary stapled securities
	779,897 performance rights
	Indirect
	59,103 ordinary stapled securities held through Baker Watson
	Investments Pty Ltd
	10,000 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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Class	Class	Class	Class	Ordinary stapled securities	Ordinary stapled securities	Ordinary stapled securities
Number acquired				7,000 Ordinary stapled securities
Number disposed				N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation				$52,430
No. of securities held after 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
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back				On market trade.
	2 – Cha	nge of director’s interests in contracts
	the case of a c	ompany, interests which come within paragraph (ii) of the definition of “notifiable			interest of a director” should be disclosed i
De	tail of co	tract
Na	ture of in	terest
Name of registered holder (ifissued securities)
	me of regued secu	istered holder (ifrities)

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

art 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