Regency Declares Quarterly Cash Distribution

Regency has announced a cash distribution of 44.5 cents per outstanding common and subordinated unit for the fourth quarter ended December 31, 2008. The distribution is equivalent to $1.78 on an annual basis and will be paid February 13, 2009 to unitholders of record at the close of business on February 6, 2009. As a result of the payment of the quarterly distribution, all of Regency’s subordinated units convert to common units on February 17, 2009.