Atlas Pipeline Holdings, L.P on its Record Quarterly Distribution of $0.51 Per Common Limited Partner Unit for the Second Quarter 2008

Atlas Pipeline Holdings, L.P on its Record Quarterly Distribution of $0.51 Per Common Limited Partner Unit for the Second Quarter 2008

Atlas Pipeline Holdings, L.P as it is known as an oil and gas mining and exploration company which owns the general partner interest and approximately 5.75 million common limited partner units in Atlas Pipeline Partners, L.P. (“APL”), reported today that it has declared a record quarterly cash distribution for the second quarter 2008 of $0.51 per common limited partner unit. This $0.51 per common limited partner unit distribution is payable Tuesday, August 19, 2008 to holders of record as of Wednesday, August 6, 2008. This quarter’s distribution of $0.51 per common limited partner unit represents an approximate 19% increase over the first quarter 2008 distribution of $0.43 per common limited partner unit.

Atlas Pipeline Holdings, L.P. is a limited partnership which owns and operates the general partner of Atlas Pipeline Partners, L.P., through which it owns a 2% general partner interest, all the incentive distribution rights and approximately 5.75 million common units of Atlas Pipeline Partners.

Atlas Pipeline Partners, L.P. is active in the transmission, gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, Arkansas, northern and western Texas and the Texas panhandle, the Partnership owns and operates eight gas processing plants and a treating facility, as well as approximately 7,900 miles of active intrastate gas gathering pipeline and a 565-mile interstate natural gas pipeline. In Appalachia, it owns and operates approximately 1,600 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio.

Atlas America, Inc. owns 1.1 million limited partner units of Atlas Pipeline Partners, L.P. and an approximate 64% limited partner interest in Atlas Pipeline Holdings, L.P., which holds the general partner interest and 5.75 million limited partner units of Atlas Pipeline Partners, L.P. Atlas America also owns an approximate 48% common unit interest and all of the Class A and management incentive interests in Atlas Energy Resources, LLC

Contact:

Atlas Pipeline Holdings, L.P. Brian Begley Investor Relations 215-546-5005

215-561-5692 (facsimile)

Source: Atlas Pipeline Holdings, L.P.

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