APT Pipelines Limited advises that the Interest Rate in respect of the APA Group Subordinated Notes (Notes) for the Interest Period commencing on 1 January 2014 and ending on 31 March 2014 is 7.1050% per annum.

This has been determined in accordance with the Notes Terms as the Bank Bill Rate on 2 January 2014 of 2.6050% plus the Margin of 4.50%.

 The table below outlines the key dates and the Interest Payment for the next Interest Period:

Interest Payment Date

Ex-Date

Record Date

No. of Days in Interest Period

Interest Rate

Interest Payment per Note(1)

31 March 2014

17 March 2014

21 March 2014

90

7.1050%

$1.7519

Note (1): Face Value is $100.00 per Note

Unless otherwise defined, capitalised terms in this release have the same meaning given to them in the Prospectus dated 17 August 2012.

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