27 August 2012
The Manager
Company Announcements Office
Australian Securities Exchange
4thFloor, 20
Bridge Street
Sydney NSW 2000
Electronic Lodgement
Dear Sir/Madam
APT Pipelines Limited
- Takeover bid
for Hastings
Diversified Utilities
Fund ("Offer") -
Notice of waiver
of offer
conditions
In accordance with
section 650F of
the Corporations Act,
please find attached
a notice of
waiver of offer
conditions.
This document relates
to APT Pipelines
Limited's bidder's
statement dated 15
December 2011 (as
supplemented) for all
the stapled securities
in Hastings
Diversified Utilities
Fund (each stapled
security comprising
one unit in
each of HDUF
Epic Trust (ARSN
109 770 961),
HDUF Finance Trust
(ARSN 109 770
765), and HDUF
Further Investments
Trust (ARSN 109
897 921)).
A copy of the
attached notice will
be given to
Hastings Diversified
Utilities Fund today.
Yours faithfully
Mark Knapman
Company Secretary
APT PIPELINES LIMITED (ABN 89 009 666 700) (A COMPANY WHOLLY OWNED BY AUSTRALIAN PIPELINE TRUST (ARSN 091 678 778)) ("BIDDER")
NOTICE OF WAIVER OF OFFER CONDITIONS
TO: Hastings Funds
Management Limited
(ABN 27 058
693 388) in
its capacity as
responsible entity of
the Hastings
Diversified Utilities
Fund ("HDUF")
AND TO: ASX
Limited
In relation to the
Offer made pursuant
to the bidder's
statement dated 15
December 2011 in
relation to the
takeover bid by
the Bidder for
all of the
stapled securities in
HDUF ("Bidder's
Statement"), the
Bidder gives notice
under section 650F
of the Corporations
Act that:
• it waives the
conditions set out
in section 10
of the Bidder's
Statement as
follows:
• paragraph (i) (HDUF
announcement re
security constraints
in financing
arrangements);
• paragraph (j) (HDUF
announcement re change
of control in
financing arrangements);
and
• paragraph (k) (change
of control in
financing arrangements),
and declares the Offer
and any takeover
contract arising from
acceptance of the
Offer free from
these conditions;
and
• as at 24 August
2012, the Bidder's
voting power in
HDUF is 21.10%,
comprising 111,830,576
stapled securities out
of a total
of 530,001,072 stapled
securities presently
on issue.
Unless the context
requires otherwise,
defined terms in
the Bidder's Statement
have the same
meaning in this
notice.
This notice is dated
27 August 2012.
Signed on behalf of
APT Pipelines Limited
(ABN 89 009
666 700).
Robert Wright Michael
McCormack
Director Director
distributed by
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