SJI South Jersey Industries Inc

FOR IMMEDIATE RELEASE
Telephone: 609-561-9000
Investor Relations/Media Contact: Marissa Travaline x4227 e-mail: mtravaline@sjindustries.com
May 10, 2016

SJI Announces Proposed Public Offering of Common Stock

Folsom, NJ - South Jersey Industries, Inc. (NYSE: SJI) today announced that it plans to conduct a registered public offering of up to 6,500,000 shares of its common stock, subject to market conditions and other factors. In conjunction with this offering, SJI intends to grant the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock.

SJI intends to use the net proceeds from this offering for capital expenditures primarily for regulated businesses, including infrastructure investments at its utility business.

J.P. Morgan, Morgan Stanley and Guggenheim Securities are acting as joint book-running managers for the offering.  Janney Montgomery Scott, Sidoti & Company, LLC, U.S. Capital Advisors and The Williams Capital Group, L.P. are acting as co-managers for the offering.

This offering is being made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission, and this offering is being made only by means of a prospectus supplement for this offering and a related base prospectus.  Copies of the prospectus supplement and related base prospectus may be obtained by contacting:

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
prospectus-eq_fi@jpmchase.com,
or by telephone at (866) 803-9204;

Morgan Stanley & Co. LLC, Attn: Prospectus Department,
180 Varick Street, 2nd Floor
New York, NY 10014; or

Guggenheim Securities, Attn: Equity Syndicate Department,
330 Madison Avenue, 8th Floor
New York, NY 10017
GSEquityProspectusDelivery@guggenheimpartners.com,
or by telephone at (212) 518-9658.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities, in any state or jurisdiction in which it is unlawful to make such an offer, solicitation or sale.

FORWARD LOOKING STATEMENT

This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding plans to offer common stock and the intended use of the proceeds of such an offering, are forward-looking. SJI uses words such as "anticipate", "believe", "expect", "estimate", "forecast", "goal", "intend", "objective", "plan", "project", "seek", "strategy" and similar expressions to identify forward-looking statements. These forward-looking statements are based on the beliefs and assumptions of SJI's management at the time that these statements were made and are inherently uncertain.  Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements. These risks and uncertainties include, but are not limited to, the prevailing conditions in the public capital markets, interest rates and economic, political and market factors affecting trading volumes, securities prices or demand for SJI's securities. These risks and uncertainties, as well as other risks and uncertainties that could cause SJI's actual results to differ materially from those expressed in the forward-looking statements, are described in greater detail under "Risk Factors" in the prospectus supplement and related base prospectus for this offering, in SJI's Quarterly Report on Form 10-Q for the three months ending March 31, 2016, in SJI's Annual Report on Form 10-K for the year ended December 31, 2015 and in other filings made by SJI with the U.S. Securities and Exchange Commission. Although SJI believes it has been prudent in its plans and assumptions, no assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements, which speak only as of the date they are made.  Although SJI undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law, you are advised to consult any additional disclosures SJI makes in its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission. 

ABOUT SOUTH JERSEY INDUSTRIES

South Jersey Industries (NYSE: SJI), an energy services holding company based in Folsom, NJ, operates its business through two primary subsidiaries. South Jersey Gas delivers clean, efficient natural gas and promotes energy efficiency to approximately 375,000 customers in southern New Jersey. SJI's non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing, owning and operating on-site energy production facilities; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and fuel management services; and offering HVAC and other energy-efficiency related services.

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