Mr. Jon Morrison reports

ALTAGAS ANNOUNCES CONSIDERATION OF HYBRID SUBORDINATED DEBT SECURITIES OFFERING

AltaGas Ltd. is considering an offering of hybrid subordinated debt securities under its short form base shelf prospectus dated March 31, 2023.

If a successful offering is priced and completed, the company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, Series E. There is no certainty that AltaGas will ultimately complete the offering being considered or as to the timing or terms on which such an offering might be completed.

About AltaGas Ltd.

AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The company operates a diversified, lower-risk, high-growth utilities and mid-stream business that is focused on delivering resilient and durable value for its stakeholders.

We seek Safe Harbor.