AmeriGas Partners Prices Offering of 2.3 Million Common Units.

Business Editors

VALLEY FORGE, Pa.--(BUSINESS WIRE)--Oct. 12, 2000

AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P., (NYSE:APU), announced today that it has priced 2.3 million Common Units representing limited partner interests at a public offering price of $18.4375 per unit.

The underwritten offering is being managed by Salomon Smith Barney; Banc of America Securities LLC; Donaldson, Lufkin & Jenrette and PaineWebber Incorporated and is scheduled to close on October 17, 2000.

AmeriGas also has granted the underwriters an option to purchase up to an additional 345,000 Common Units to cover over-allotments at the initial price to the public less the underwriting discount. The net proceeds of approximately $40.3 million, or $46.4 million if the over-allotment option is exercised, will be used to reduce indebtedness under revolving credit and acquisition facilities and for working capital.

Copies of the final prospectus relating to this offering may be obtained from the offices of Salomon Smith Barney, 388 Greenwich Street, New York, NY 10013.

AmeriGas Partners is one of the nation's largest retail propane marketers, operating from approximately 600 locations in 46 states. UGI Corp. (NYSE:UGI), through subsidiaries, will own 55 percent of the Partnership and individual unitholders will own the remaining 44 percent if the over-allotment option is exercised.

Comprehensive information about AmeriGas is available on the World Wide Web at http://www.amerigas.com.

AmeriGas Partners, L.P. (NYSE:APU) is a majority-owned indirect subsidiary of UGI Corporation (NYSE:UGI), Valley Forge, Pa. AmeriGas is the nation's leading propane marketer.