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KeySpan Facilities Income Fund Announces October 2004 Distribution

Oct 20, 2004

Calgary, October 20, 2004 KeySpan Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today a cash distribution for October, 2004 of 9.8 cents per unit. The distribution will be payable on November 15, 2004 to Unitholders of record on October 29, 2004. The ex-distribution date is October 27, 2004.

This distribution payment will be fully tax deferred by the way of a return of capital and no Canadian withholding tax will be applicable.

For further information about KeySpan Facilities Income Fund, please visit our website at www.keyspancanada.com or contact:

John Cobb, Director, Investor Relations, E-mail: John_Cobb@keyspancanada.com Telephone (403) 205-7670 Toll Free: (888) 699-4853 Facsimile: (403) 205-8303