AltaGas Ltd. ("AltaGas") (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) today announced
that it has completed its US$175 million issue of senior unsecured medium-term
notes ("the Offering"). The notes carry a floating 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 acted as the sole agent for the Offering which was 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 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
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