EQT to Declassify Board of Directors

EQT Corporation

today announced that it intends to include in its proxy statement for the 2013 annual shareholder meeting a proposal to eliminate the Company's classified board structure. The recommended proposal, which was approved by the Board of Directors, is subject to shareholder approval at the Company's 2013 annual meeting. Currently, the Board of Directors is divided into three classes, each of which is elected for a three-year term. If the proposal receives shareholder approval, declassification of the board will be implemented via a phase-in approach beginning with the 2014 annual meeting. The phase-in will allow each class of directors to complete their existing terms; however, future elections will have a one-year term. Any director