The  DRP  issue  price  with  respect  to  the  interim  distribution  for  the  period  ended  31  December  2009  is  $3.37.   

 

The  DRP  issue  price  is  the  average  of  the  daily  volume  weighted  average  market  price  of  APA  Group  securities  traded  on  the  ASX  ver  the  period  of  10  trading  days  ending  on  10  March  2010,  less  the  discount  of  2.5%.    

 

The  new  securities  issued  under  the  DRP  will  rank  equally  with  existing  securities.   The  DRP  securities  will  be  issued  on  the  distribution  payment  date  of  17  March  2010.    

 

Details  of  the  DRP  participation  rate  and  DRP  issue  price  are  provided  below.   

Distribution  per  stapled  security	15.75  cents
Total  distribution  before  DRP  participation	$80,138,671.83
DRP  participation  rate	34.69%
DRP  issue  price	$3.37
Distribution  to  be  paid  in  cash	$52,425,730.61
Stapled  securities  issued  under  the  DRP	8,223,709
Equity  created	$27,713,034.07
Distribution  payment  date	17  March  2010
Total  stapled  securities  on  issue  subsequent  to  the  DRP	517,040,673