AmeriGas Partners Announces Sale by Energy Transfer Affiliate of Option Shares

VALLEY FORGE, Pa. - AmeriGas Partners, L.P. (NYSE: APU) announced today the full exercise by the underwriters of an option to purchase an additional 1,200,000 AmeriGas common units from Heritage ETC, L.P. (the “Selling Unitholder”), an affiliate of Energy Transfer Partners, L.P., bringing the total number of units sold by the Selling Unitholder to 9,200,000. AmeriGas announced last week that the Selling Unitholder closed its public offering of 8,000,000 AmeriGas common units. AmeriGas will not receive any proceeds from the sale of the units by the Selling Unitholder.

UBS Investment Bank, Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities acted as joint book-running managers for the common units offering.

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, common units, nor shall there be any sale of common units in any jurisdiction in which such an offer or solicitation, or the sale of common units, would be unlawful without registration or qualification under the securities laws of such jurisdiction.

About AmeriGas Partners, L.P.

AmeriGas is the nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 2,500 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of the Partnership. As a result, Heritage ETC, L.P., an affiliate of Energy Transfer Partners, L.P., owns 14% of the Partnership and the public owns the remaining 60%.