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Santa Fe International Corporation
Secondary Public Offering Underway
Dallas, June 27, 2000 - Santa Fe International Corporation (NYSE:SDC) announced
today that SFIC Holdings (Cayman), Inc., the Company's principal shareholder and
a wholly owned subsidiary of Kuwait Petroleum Corporation, has commenced the
sale of 30 million of the Company's Ordinary Shares to the public at the initial
price of $34.50 per share. SFIC Holdings (Cayman), Inc. has also granted to the
underwriters an option to purchase up to 4.5 million additional ordinary shares
to cover any overallotments. Santa Fe International Corporation will not receive
any of the proceeds from the sale of the ordinary shares.
Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated, Credit Suisse First
Boston Corporation and Salomon Smith Barney Inc. serve as managing underwriters
for the offering. A copy of the final prospectus relating to these securities
can be obtained from the offices of Goldman, Sachs & Co., 85 Broad Street, New
York, NY 10004 (telephone 212-902-5400).
Santa Fe International Corporation is a leading international offshore and land
contract driller. The Company owns and operates a high quality, technologically
advanced fleet of 27 marine drilling rigs and 33 land drilling rigs and is a
provider of drilling related services to the petroleum industry.
/CONTACT: Richard Hoffman, Vice President, Investor Relations of Santa Fe
International Corporation, 927-701-7950, or fax, 972-701-7737, or
[email protected]/
