Following are the taxable components for the APA Group interim distribution for the six months ended 31 December 2010.

Ex Date: 23 December 2010
Record Date: 31 December 2010
Payable Date: 17 March 2011
Total Distribution Rate: 16.5 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 ASX over the period of 10 trading days ending on 10 March 2011, less the discount.

Components:
Australian Pipeline Trust (“APT”)
Australian Income Unfranked dividend 9.5490 cents per security
Tax deferred capital 2.4638 cents per security

APT Investment Trust (“APTIT”)
Australian Income
Unfranked interest income 3.7037 cents per security
Tax deferred income 0.0355 cents per security
Tax deferred capital 0.7480 cents per security

There is no foreign conduit income to be declared in respect of the distribution for the six months ended 31 December 2010.

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