AmeriGas Partners Prices Offering of 4.2 Million Common Units.

Business Editors

VALLEY FORGE, Pa.--(BUSINESS WIRE)--Dec. 6, 2001

AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P., (NYSE:APU), announced today that its offering with Columbia Energy Group of 4.2 million Common Units, representing limited partner interests, was priced at a public offering price of $21.50 per unit.

The underwritten offering is being managed by Salomon Smith Barney, Banc of America Securities LLC, Credit Suisse First Boston and UBS Warburg, and is scheduled to close on December 11, 2001.

AmeriGas is selling 1,843,047 units and Columbia Energy Group, a NiSource Company (NYSE: NI), as a selling unitholder, is selling 2,356,953 units. AmeriGas also has granted the underwriters an option to purchase up to an additional 630,000 Common Units to cover over-allotments at $21.50 per unit less the underwriting discount.

The net proceeds to AmeriGas of approximately $37.9 million, or $50.9 million if the over-allotment option is exercised, will be used to reduce indebtedness under revolving credit and acquisition facilities and for working capital. AmeriGas will not receive any proceeds from the sale of units by Columbia Energy.

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 the nation's largest retail propane marketer, operating from approximately 700 locations in 46 states. UGI Corp. (NYSE: UGI), through subsidiaries, will own 50 percent of the Partnership and individual unitholders will own the remaining 50 percent if the over-allotment option is exercised.

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