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

Aug 15, 2003

Calgary, August 15, 2003 KeySpan Facilities Income Fund (TSX:KEY.UN) announced today that it expects to release its second quarter 2003 report after markets close on Wednesday, August 20, 2003. A conference call and webcast have been scheduled for Thursday, August 21 at 8:00 am MDT (10:00 am Eastern) for interested investors, analysts, brokers and media representatives.

The conference call dial in number is 800-814-4853 or 416-640-4127. A recording of the conference call will be available for replay until August 28, 2003 by dialing 877-289-8525 or 416-640-1917 and entering passcode 21014996 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. An archived copy of the call will be added to the site shortly after the call ends.

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