ORIGIN ENERGY FINANCE LIMITED - BONDS: UPDATE ON APLNG'S US$8.5 BILLION PROJECT FINANCE FACILITY

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Name of Announcer *	ORIGIN ENERGY FINANCE LIMITED
Company Registration No.	151 002 738
Announcement submitted on behalf of	ORIGIN ENERGY FINANCE LIMITED - BONDS
Announcement is submitted with respect to *	ORIGIN ENERGY FINANCE LIMITED - BONDS
Announcement is submitted by *	Ann-Louise Clugston
Designation *	EA Company Secretarial
Date & Time of Broacast	19-Nov-2012 08:06:04
Announcement No.	00009
Price Sensitivity	No

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Announcement Title *

Update on APLNG's US$8.5 billion project finance facility

Description

Media Release 19 November 2012 Update on Australia Pacific LNG's US$8.5 billion project finance facility Australia Pacific LNG today confirmed that all conditions precedent have been satisfied for its US$8.5 billion project finance facility, which will support the development of the Australia Pacific LNG coal seam gas (CSG) to liquefied natural gas (LNG) project in Queensland. The project finance facility will specifically provide funding for the downstream parts of the project, including the liquefaction facilities on Curtis Island near Gladstone in Queensland. The first drawdown of the finance facility by Australia Pacific LNG has already occurred, and funding will be progressively drawn down throughout the construction period, up to the US$8.5 billion facility limit. The US$8.5 billion project finance facility is the largest ever signed in Australia and represents a key component of the financing of the Australia Pacific LNG project. The syndicated facility was signed in May 2012 by the Export-Import Bank of the United States (US EXIM), The Export-Import Bank of China (China EXIM), and a number of Australian and international commercial banks for 16 and 17 year terms. Australia Pacific LNG is developing a A$23 billion CSG to LNG project in Queensland which includes the further development of CSG reserves in the Surat and Bowen Basins, a gas transmission pipeline and a two-train LNG facility on Curtis Island, near Gladstone. The shareholders in Australia Pacific LNG are Origin (37.5 per cent), ConocoPhillips (37.5 per cent) and Sinopec (25 per cent). For further information please contact: Media Lina Melero Ph: 02 8345 5217 Mobile: [phone] About Australia Pacific LNG Australia Pacific LNG Pty Limited is an incorporated joint venture between Origin Energy Limited (37.5%), ConocoPhillips (37.5%) and Sinopec (25%). The Australia Pacific LNG project includes the development of Australia Pacific LNG's substantial coal seam gas resources in the Surat and Bowen Basins, a 530 km transmission pipeline, and a multi-train LNG facility on Curtis Island, near Gladstone. www.aplng.com.au