Questar Approves Dividend; Four Directors Elected at Annual Meeting

SALT LAKE CITY — The Questar Corp. (NYSE:STR) board of directors today approved an $.18 (18cent) quarterly common stock dividend in conjunction with the company's annual meeting of shareholders.

The dividend — payable June 17, 2002, to shareholders of record on May 31, 2002 — is the same as the previous quarter's and onehalf cent higher than a year earlier. Questar has paid 230 consecutive dividends without a reduction.

During the shareholders meeting, four directors were elected to threeyear terms that expire in 2005. They are:

– Patrick J. Early, 69, former vice chairman of Amoco Corp., and a Questar director since 1995.

– L. Richard Flury, 54, who was selected to fill the position formerly held by Dixie L. Leavitt, who became a senior director. Flury retired as chief executive, Gas and Power, for BP plc. He held various key management positions with Amoco Corp., including chief executive for worldwide exploration and production.

– James A. Harmon, 66, who previously served as a Questar director from 1976 to 1997, when he resigned to serve as chairman and president of the U.S. ExportImport Bank. He was reappointed to serve as a Questar director in June 2001 at the conclusion of his term with the bank.

– D.N. "Nick" Rose, 57, Questar executive vice president, who oversees the company's regulated interstate pipeline and retail gasdistribution activities. He has served as a Questar director since 1984.

Questar is a $3.1 billion integrated natural gas company headquartered in Salt Lake City, Utah. Through subsidiaries, it engages in energy development and production, gas gathering and processing, wholesale gas and liquids marketing, retail energy services, interstate gas transmission and storage, and retail gas distribution.