ALA.PR.U AltaGas Ltd

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES 


AltaGas Ltd. ("AltaGas") (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) today announced
it has closed its previously announced public offering of 11,615,000 common
shares at a price of $34.90 per common share ("the Offering") for aggregate
gross proceeds of approximately $405 million. 


The aggregate offering is comprised of the previously announced offering of
10,100,000 shares at $34.90 per share for gross proceeds of approximately $352
million, together with the underwriters exercising the over-allotment option for
the sale of an additional 1,515,000  shares at $34.90 per share for additional
gross proceeds of approximately $53 million.  


The Offering was first announced on March 25, 2013 when AltaGas entered into an
agreement with a syndicate of underwriters co-led by TD Securities Inc. and RBC
Capital Markets. 


Net proceeds will be used, in part, to fund the acquisition of the Blythe Energy
Centre, as well as for general corporate purposes and to support future growth
initiatives, including those related to AltaGas' energy export business
conducted through its AltaGas Idemitsu Joint Venture Limited Partnership.


The common shares will begin trading on the Toronto Stock Exchange (TSX) today
under the symbol ALA.   


AltaGas is an energy infrastructure business with a focus on natural gas, power
and regulated utilities. AltaGas creates value by acquiring, growing and
optimizing its energy infrastructure, including a focus on renewable energy
sources. For more information visit: www.altagas.ca.


This news release contains forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend", "plan",
"anticipate", "believe", "seek", "propose", "estimate", "expect", and similar
expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended
to identify forward-looking statements. In particular, this news release
contains forward-looking statements with respect to, among other things,
business objectives, expected growth, results of operations, performance,
business projects and opportunities and financial results. These statements
involve known and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those anticipated in such
forward-looking statements. Such statements reflect AltaGas' current views with
respect to future events based on certain material factors and assumptions and
are subject to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory developments, general
economic conditions and other factors set out in AltaGas' public disclosure
documents. Many factors could cause AltaGas' actual results, performance or
achievements to vary from those described in this news release, including
without limitation those listed above. These factors should not be construed as
exhaustive. Should one or more of these risks or uncertainties materialize, or
should assumptions underlying forward-looking statements prove incorrect, actual
results may vary materially from those described in this news release as
intended, planned, anticipated, believed, sought, proposed, estimated or
expected, and such forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon. Such
statements speak only as of the date of this news release. AltaGas does not
intend, and does not assume any obligation, to update these forward-looking
statements. The forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AltaGas Ltd.
Investment Community
1-877-691-7199
investor.relations@altagas.ca


AltaGas Ltd.
Media
(403) 691-9873
media.relations@altagas.ca
www.altagas.ca

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