Union Gas Issues $300M Medium-term Note Debentures

On September 2, 2008, Union Gas Limited issued $300 million 6.05 per cent Medium-term Note Debentures, Series 7. Union Gas completed this first issuance on September 2, 2008, under pricing supplement #1 to its base shelf prospectus dated August 22, 2008. The agents on this deal were BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc.

The agents were represented by Robert Nicholls and Tim McCormick of Stikeman Elliott LLP. Union Gas Limited was represented by McCarthy T├ętrault LLP with a team that included John Osler, Peter Goode, Mark Hawkins and Janet Erskine.

Lawyer(s)

John S. Osler Janet Erskine Peter C. Goode Mark Hawkins Timothy McCormick