RGC Resources, Inc. Files Shelf Registration Statement

Roanoke, VA -RGC Resources, Inc. (NASDAQ: RGCO) announced today that it has filed a shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (SEC). The registration statement, once declared effective by the SEC, is intended to provide the company with flexibility to access the capital markets in a timely manner.

RGC Resources President and CEO, John D’Orazio, commented, “This registration statement is part of our long-term strategy around growing the business and supporting future capital needs.”

Under the shelf registration statement, once declared effective by the SEC, RGC Resources may from time to time issue up to an aggregate $50,000,000 of shares of its common stock within a three year period. Currently, the company has no specific plans to issue any securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities offered by RGC Resources will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering.

The shelf registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration and qualification under the securities law of such jurisdiction. Any offering of the securities covered by the shelf registration statement will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the registration statement may be obtained on the SEC’s website at www.sec.gov or the company’s website www.rgcresources.com.

After the shelf registration becomes effective, RGC Resources may offer and sell securities covered by the registration statement through one or more methods of distribution, subject to market conditions and RGC Resources capital needs. The terms of any offering under the shelf registration statement will be established at the time of the offering and described in a prospectus supplement filed with the SEC prior to the completion of the offering.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.