AltaGas Income Trust

AltaGas Income Trust

January 21, 2008 17:47 ET

AltaGas Income Trust Announces Executive Appointments

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2008) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced the appointment of Richard M. Alexander as President and Chief Operating Officer and Deborah S. Stein as Vice President Finance and Chief Financial Officer.

Richard M. Alexander has been appointed President and Chief Operating Officer effective January 21, 2008. Mr. Alexander joined the Trust as Senior Vice President Finance and Chief Financial Officer on May 1, 2006. He was appointed Executive Vice President, Chief Operating Officer and Chief Financial Officer on January 16, 2007. Mr. Alexander has his Chartered Financial Analyst designation, is a CMA (Society of Management Accountants), a member of the Society of Financial Analysts and has a Bachelor of Business Management from Ryerson University of Toronto.

Deborah S. Stein has been appointed Vice President Finance and Chief Financial Officer effective January 21, 2008. Ms. Stein joined the Trust as Vice President Corporate Risk in January 2005, was appointed Vice President Controller on October 1, 2005 and was promoted to Vice President Finance on January 16, 2007. Ms. Stein has a BA in Economics from York University, is a Chartered Accountant, a Certified Financial Risk Manager and a Certified Public Accountant.

David R. Wright has been appointed Executive Vice President Strategy and Corporate Development effective January 21, 2008. Mr. Wright joined the Trust as Executive Vice President effective January 16, 2007. Mr. Wright holds a law degree from the University of Calgary, Masters and Bachelors of Science degrees from the University of Manitoba and attended the Advanced Management Program at Harvard Business School.

Massimiliano (Max) Fantuz has been appointed Executive Vice President effective January 21, 2008. Mr. Fantuz was appointed Vice President and President PremStar in January 2007. He joined AltaGas as President PremStar Energy Canada Limited Partnership in October 2004. Mr. Fantuz holds a Bachelor of Applied Science in Civil Engineering from the University of Windsor and is a member of the Professional Engineers of Ontario.

David Cornhill, Chairman, President and CEO of the Trust said, "I will remain as Chief Executive Officer of AltaGas and will continue to serve as Chairman of the AltaGas General Partner Inc. Board of Directors. Mr. Alexander, Mr. Wright and Mr. Fantuz will report to me and we will comprise the Executive Committee at AltaGas."

AltaGas Income Trust is one of Canada's largest and fastest growing energy infrastructure organizations. The Trust creates value by acquiring, growing and optimizing gas and power infrastructure, including a focus on renewable energy sources.

AltaGas Income Trust's units are listed on the Toronto Stock Exchange under the symbol ALA.UN. The Trust is included in the S&P/TSX Composite Index, the S&P/TSX Income Trust Index and the S&P/TSX Capped Energy Trust Index.

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 the Trust or an affiliate of the Trust, 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 the Trust's 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 the Trust's public disclosure documents. Many factors could cause the Trust's 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. The Trust 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.

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