Australian Pipeline Limited as the responsible entity of Australian Pipeline Trust
provides the following information:
Distribution in respect of the quarter ended 31 March, 2003.
5.0 cents per unit
The distribution will be made up as follows:-
Income distribution per unit 4.5 cents
Capital distribution per unit 0.5 cents
Total distribution per unit 5.0 cents
The income distribution will be unfranked. It is not expected that there will be further
significant franking credits available for distribution until the FY 2004.
The ex dividend date is 03 June, 2003.
The record date for determining Unitholder’s entitlement to the distribution will be
the close of business on 10 June, 2003.
The date for payment of the distribution is 26 June, 2003.

G H Bennett
Chairman