AltaGas Announces Intention to Redeem its 7.42% Medium Term Notes due April 29, 2014

CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) - AltaGas Ltd. ("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U)(TSX:ALA.PR.E) announced today that it intends to redeem the entire C$200,000,000 principal amount of its 7.42% Medium Term Notes due April 29, 2014 (the "Notes") on February 14, 2014 (the "Redemption Date").

The redemption price for the Notes will be determined in accordance with the provisions of the amended and restated trust indenture dated July 1, 2010 and the supplemental indenture governing the Notes (collectively, the "Indenture") and will include accrued and unpaid interest on the Notes up to, but not including, the Redemption Date.

Notice of redemption of the Notes will be delivered today to CDS Clearing and Depository Services Inc. ("CDS") and the trustee, Computershare Trust Company of Canada in accordance with the Indenture. Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the Notes through CDS should contact their CDS customer service representative with any questions about the redemption. Beneficial holders with any questions about the redemption should contact their respective bank, brokerage firm or other financial institution which holds interests in the Notes on their behalf.

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.