AGL Capital Corporation Renews 364-Day Credit Facility.

Business Editors

ATLANTA--(BUSINESS WIRE)--June 17, 2003

AGL Capital Corporation, a wholly owned financing subsidiary of AGL Resources Inc. (NYSE: ATG), announced it has renewed its $200 million 364-day credit facility. The renewed credit facility and the company's existing three-year revolving facility maintain the company's combined, committed bank lines at $500 million. These facilities are undrawn and are used as a backstop to the company's commercial paper program.

SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc., served as lead arranger and SunTrust Bank, Inc. served as the administrative agent for the facility renewal. The facility includes a one-year term-out option.

"The strong response we've received during the renewal process is a testament to the financial strength and excellent liquidity of AGL Resources," said Andrew Evans, Vice President and Treasurer of AGL Resources. "We're pleased that we were able to maintain the same group of high-quality banks and that the level of interest again resulted in the facility being over-subscribed."

AGL Resources

AGL Resources Inc. is an Atlanta-based energy services holding company. Its utility subsidiaries - Atlanta Gas Light Company, Virginia Natural Gas and Chattanooga Gas Company - serve approximately 1.9 million customers in three states. Houston-based subsidiary Sequent Energy Management provides natural gas asset management services, including the wholesale marketing and transportation of natural gas. As a member of the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. AGL Networks, the company's telecommunications subsidiary, owns and operates fiber-optic networks in Atlanta and Phoenix. For more information, visit the company's Web site at www.aglresources.com.