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KeySpan Facilities Income Fund – Third Quarter Results Conference Call and Webcast

Oct 29, 2004

Calgary, October 29, 2004 KeySpan Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today that it expects to release its third quarter 2004 report on Monday, November 8, 2004. A conference call and webcast have been scheduled for Tuesday, November 9 at 8:00 am MDT (10:00 am Eastern) for interested investors, analysts, brokers and media representatives.

The conference call dial in number is 800-814-4860 or 416-640-4127. A recording of the conference call will be available for replay until midnight, November 16, 2004 by dialing 877-289-8525 or 416-640-1917 and entering passcode 21096762 followed by the pound key.

A live webcast of the conference call can be accessed on KeySpan’s website at www.keyspancanada.com under Investor Information, Webcasts. Shortly after the call, an audio archive will be posted on the website for 90 days.

For further information about KeySpan Facilities Income Fund, please visit our website or contact:

John Cobb, Director, Investor Relations, E-mail: ir@keyspancanada.com

Telephone (403) 205-7670 Toll Free: (888) 699-4853 Facsimile: (403) 205-8303