Following  are  the  taxable  components  for  the  APA  Group  interim  distribution for the  six  months  ended  31  December  2009.

Ex  Date:     23  December  2009
Record  Date:     31  December  2009  
Payable  Date:     17  March  2010
Total  Distribution  Rate:    15.75  cents  per  security

The  Distribution  Reinvestment  Plan  (DRP)  will  operate  for  this  interim distribution  at  a  discount  of  2.5%.   The  DRP  issue  price  is  the  average  of the daily  volume  weighted  average  market  price  of  APA  Group  securities  traded on  the  AS  over  the  period  of  10  trading  days  ending  on  10  March  2010, less the  discount.

Components:   
Australian  Pipeline  Trust  (“APT”)  
Australian  Income
Unfranked dividend     5.6663  cents  per  security  
Tax  deferred  capital      4.9763  cents  per  security  

APT  Investment  Trust  (“APTIT”)
Australian  Income
Unfranked  interest  income    3.1923  cents  per  security  
Tax  deferred  income     0.3152  cents  per  security
Tax  deferred  capital     1.5999  cents  per  security   

There  is  no  foreign  conduit  income  to  be  declared  in  respect  of  the distribution  for  the  six  months  ended  31  December  2009. 

Both  APT  and  APTIT  declare  that  they  are  managed  investment  trusts  for  the purposes  of  Subdivision  12‐H  of  the  Taxation  Administration  Act  1953.