TransAlta Announces Public Offering of U.S. Senior Notes

Fri Nov 2, 2012 9:48am EDT

* Reuters is not responsible for the content in this press release.

TransAlta Corporation (TransAlta) (TSX:TA) (NYSE:TAC) today announced its
intention to offer and sell its senior notes in a United States
registered public offering. TransAlta will use the net proceeds from the
sale of the notes to repay borrowings under existing credit facilities
and for general corporate purposes. The precise timing, size and terms of
the offering are subject to market conditions and other factors.

    Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Merrill
Lynch, Pierce, Fenner & Smith Inc. are joint book-running managers for
the offering which is being made by way of a prospectus supplement and
base shelf prospectus that will be filed with the United States
Securities and Exchange Commission (the "SEC") to TransAlta's short form
base shelf prospectus which was previously filed with the SEC.

    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.

    A copy of the short form base shelf prospectus and the prospectus
supplement relating to the offering may be obtained from Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, HSBC Securities
(USA) Inc., Attention: Transaction Management Group, HSBC Tower 3, 425
5th Avenue New York, NY 10018, Telephone (866) 811-8049, or Merrill
Lynch, Pierce, Fenner & Smith Inc., Attention: Debt Capital Markets, Bank
of America Tower, 1 Bryant Park, New York, NY 10036, Telephone (800)

    About TransAlta Corporation

    TransAlta is a corporation amalgamated under the Canada Business
Corporations Act. The registered office and principal place of business
of TransAlta are at 110 - 12th Avenue S.W., Calgary, Alberta, Canada T2R
0G7. TransAlta generates and markets electricity in Canada, the United
States and Australia through its portfolio of facilities fueled by coal,
natural gas, hydroelectric, wind and geothermal resources.

    Caution Regarding Forward-Looking Information

    This press release contains forward-looking statements within the meaning
of securities laws, including the "safe harbour" provisions of Canadian
securities legislation and the United States Private Securities
Litigation Reform Act of 1995. Forward-looking information is often, but
not always, identified by the use of words such as "anticipate,"
"believe," "expect," "plan," "intend," "forecast," "target, " "project,"
"guidance," "may," "will," "should," "could," "estimate," "predict" or
similar words suggesting future outcomes or language suggesting an
outlook. Forward-looking statements in this press release include, but
are not limited to, the expected closing date, the anticipated proceeds
of the offering and the use of those proceeds. 

    Forward-looking statements and information contained in this press
release are based on our current beliefs as well as assumptions we have
made and information currently available to us. Although we consider
these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect.

    By their very nature, the forward-looking statements included in this
press release involve inherent risks and uncertainties, both general and
specific, and risks that predictions, forecasts, projections and other
forward-looking statements will not be achieved, including, without
limitation, the failure to close the offering discussed herein on the
terms disclosed herein or at all and the failure to use the proceeds of
the offering as disclosed herein. We caution readers not to place undue
reliance on these statements as a number of important factors could cause
the actual results to differ materially from the beliefs, plans,
objectives, expectations and anticipations, estimates and intentions
expressed in such forward-looking statements as may be found under the
heading "Risk Factors" in our annual information form for the year ended
December 31, 2011 and under the heading "Risk Factors" in our
management's discussion and analysis for the year ended December 31,

    Readers are cautioned that the foregoing list of factors that may affect
future results is not exhaustive. When relying on our forward-looking
statements to make decisions with respect to TransAlta, investors and
others should carefully consider the foregoing factors and other
uncertainties and potential events. Furthermore, the forward-looking
statements contained in this press release are made as of the date of
this document and we do not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as required
by applicable law. The forward-looking statements contained in this press
release are expressly qualified by this cautionary statement. 

    Note: All financial figures are in Canadian dollars unless noted

Investor inquiries:
Jess Nieukerk
Director, Investor Relations
1-800-387-3598 in Canada and U.S.

Media inquiries:
Stacey Hatcher
Senior Corporate Relations Advisor
Cell: 587-216-2242
Toll-free media number: 1-855-255-9184
Local: (403) 267-2540

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