AltaGas Ltd. ("AltaGas") (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) today announced
that it has agreed to issue US$175 million of senior unsecured medium-term notes
("the Offering"). The notes carry a floating rate coupon of three month LIBOR
plus 0.79% and mature on April 13, 2015. 


The net proceeds resulting from the issuance of the notes will be used by
AltaGas to reduce bank indebtedness and for general corporate purposes.  


BMO Capital Markets is acting as sole agent for the Offering which is made under
AltaGas' Short Form Base Shelf Prospectus dated December 7, 2011 and Prospectus
Supplement dated April 9, 2012. 


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 clean 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, the
Offering and the use of proceeds from the Offering, 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 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 except as required by law. 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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