APA Group (ASX:APA) today announced its estimated final distribution of 18.75 cents per stapled security for the six months ending 30 June 2014.

Based on this estimate, together with the interim distribution of 17.5 cents paid in March 2014, total distributions for the 2014 financial year will be 36.25 cents per security. This represents an increase of 2.1 per cent over the previous year's distributions.

The actual amount of the final distribution and its tax deferred status will be determined following finalisation of the 2014 financial results, which are due for release on 20 August 2014.

The key dates for the final distribution are:

Securities trade ex-distribution

26 June 2014

Record Date

30 June 2014

Payment Date

10 September 2014

EBITDA guidance increase

APA also announced today an increase in its EBITDA (earnings before interest, tax, depreciation and amortisation) guidance for the 2014 financial year. APA expects EBITDA to fall within the range of $740 million to $750 million, an increase on the previous guidance of $730 million to $740 million.

Distribution Reinvestment Plan (DRP) suspended

The DRP remains suspended. All APA securityholders will receive their distribution in cash. Distribution payments to securityholders with a registered address in Australia or New Zealand will be paid by direct credit to their nominated bank account. Securityholders are encouraged to check their payment details are up to date and, if a change is required, to promptly advise APA's registry, Link Market Services, by phoning the registry on 1800 992 312 or on-line at www.linkmarketservices.com.au.

distributed by