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AmerenUE Announces Refinancing

ST. LOUIS, March 13 /PRNewswire-FirstCall/ -- AmerenUE, a subsidiary of Ameren Corporation , announced today that it is offering $350 million of 8.45% senior secured notes due 2039. The transaction is expected to close on March 20, 2009. AmerenUE intends to use the net offering proceeds of approximately $345.5 million to repay a portion of outstanding short-term debt, consisting of borrowings by AmerenUE under a $1.15 billion credit facility to which it is a party and/or borrowings by AmerenUE from Ameren Corporation. The lead underwriters for the offering are Barclays Capital Inc., BNY Mellon Capital Markets, LLC, and Mitsubishi UFJ Securities (USA), Inc.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. The offering may be made by means of a prospectus and a related prospectus supplement, copies of which may be obtained when available from Barclays Capital Inc., at 200 Park Avenue, New York, N.Y. 10166, Attention: Investment Grade Syndicate, Phone: 1-888-227-2275, ext. 2663; BNY Mellon Capital Markets, LLC, at One Wall Street, New York, N.Y. 10286, Attention: Debt Capital Markets, Phone: 212-635-8974; and Mitsubishi UFJ Securities (USA), Inc., at 1251 Avenue of the Americas, 19th Floor, New York, N.Y. 10020-1104, Attention: Capital Markets Group, Phone: 212-782-6940.

AmerenUE is a subsidiary of St. Louis-based Ameren Corporation. Ameren companies serve 2.4 million electric customers and nearly one million natural gas customers in a 64,000-square-mile area of Missouri and Illinois.

SOURCE: Ameren Corporation

Web site: http://www.ameren.com/