Hampton, NH - April 15, 2004 - Unitil Corporation (AMEX:UTL) held its Annual Meeting of Shareholders today at the corporate office in Hampton, New Hampshire. Shareholders elected Michael J. Dalton, Edward F. Godfrey and Eben S. Moulton to the Board of Directors for new three-year terms.

"Unitil had an excellent year in 2003 - we are financially healthy, and our utility service areas and non-regulated business are seeing strong, consistent growth," said Robert G. Schoenberger, Unitil's Chairman and Chief Executive Officer. In a presentation at the meeting, Mr. Schoenberger cited a number of significant accomplishments in 2003 including: increasing customer satisfaction, improving utility distribution system reliability and higher earnings per share. Mr. Schoenberger's presentation is available on the company website at www.unitil.com.

Unitil Corporation (AMEX:UTL) at www.unitil.com is a public utility holding company with subsidiaries providing electric service in New Hampshire, electric and gas service in Massachusetts and energy services throughout the Northeast.

This news release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Certain factors that could cause the actual results to differ materially from those projected in these forward-looking statements include, but are not limited to; variations in weather, changes in the regulatory environment, customers' preferences on energy sources, general economic conditions, increased competition and other uncertainties, all of which are difficult to predict, and many of which are beyond the control of the Company.

Contact
Stephanye Schuyler
schuyler@unitil.com