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

Feb 20, 2004

Calgary, February 20, 2004 KeySpan Facilities Income Fund (TSX:KEY.UN) announced today that it expects to release its fourth quarter 2003 report after market close on Wednesday, February 25, 2004. A conference call and webcast have been scheduled for Thursday, February 26 at 7:00 am MST (9:00 am Eastern) for interested investors, analysts, brokers and media representatives.

The conference call dial in number is 800-796-7558 or 416-913-8746. A recording of the conference call will be available for replay until midnight, March 4, 2004 by dialing 877-289-8525 or 416-640-1917 and entering passcode 21038994 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: John_Cobb@keyspancanada.com

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