Distribution Period 13 June 2000 and 30 September 2000
Australian Pipeline Limited as the responsible entity of Australian Pipeline Trust provides the following information:
| Distribution in respect of the period 13 June 2000 to 30 June 2000 | 1.0 cent per unit |
| Distribution in respect of the quarter ended 30 September 2000 | 5.0 cents per unit
|
| Total distribution | 6.0 cents per unit |
The distribution will be made up as follows:-
| Income distribution per unit | 2.9 cents |
| Capital distribution per unit | 3.1 cents |
| Total distribution per unit | 6.0 cents |
The income distribution will be franked to the extent of 1.1cents per unit, (38% of 2.9 cents).
The capital distribution component will reduce the cost base (or indexed base) in the case of units liable to capital gains tax on disposal.
The distribution is consistent with the forecasts included in the Offer Document dated 5 May 2000. APT is performing within our Budget, and it is anticipated that future distributions will be in line with the Offer Document.
The Trust's unit register will be examined at the close of processing the transfers on 8 December 2000 to determine unitholder's entitlement to the distribution.
The date for payment of the distributions is 20 December 2000.