HESS
GOLDMAN
SACHS
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PRESS RELEASE
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Not for release, publication or distribution in or
into Canada, Australia or Japan
FOR IMMEDIATE RELEASE
12 January 2001
CASH AND SHARE OFFER
BY
AMERADA HESS CORPORATION ("AMERADA HESS")
AND BY
GOLDMAN SACHS INTERNATIONAL
ON ITS BEHALF
(OUTSIDE THE UNITED STATES)
FOR
LASMO PLC ("LASMO")
LEVEL OF ACCEPTANCES AND LAPSE OF OFFER
Amerada Hess announces that, by 3.00 pm. (London time), 10.00 a.m. (New York
City time) on 12 January 2001, valid acceptances of its cash and share offer for
LASMO, announced on 6 November 2000 ("the Offer"), have been received in respect
of a total of 3,830,093 LASMO shares, representing approximately 0.28% per cent.
of the issued ordinary share capital of LASMO. Amerada Hess held no LASMO shares
before the offer period and has not acquired or agreed to acquire any LASMO
shares during the offer period.
In light of the announcement on 21 December 2000 by ENI of a recommended cash
offer for LASMO, Amerada Hess announces that it has withdrawn the Offer.
ENQUIRIES
For further information contact:
AMERADA HESS
Carl Tursi +1 212 536 8593 (Telephone)
+1 212 536 8241 (Fax)
GOLDMAN SACHS INTERNATIONAL
Richard Murley +44 (0)20 7774 1000 (Telephone)
Phil Raper (Corporate Broking) +44 (0)20 7774 1000 (Telephone)
The Offer, including the Loan Note Alternative, will not be made, directly or
indirectly, in or into Canada, Australia or Japan. The availability of the Offer
to persons who are not resident in the United Kingdom or the United States may
be affected by the laws of the relevant jurisdictions. Persons who are not
resident in the United Kingdom or the United States should inform themselves
about and observe any applicable requirements.
The Loan Note Alternative will not be made into the United States or available
to LASMO shareholders in the United States.
Goldman Sachs International, which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting for Amerada Hess and no one
else in connection with the Offer and will not be responsible to anyone other
than Amerada Hess for providing the protections afforded to customers of Goldman
Sachs International nor for giving advice in relation to the Offer.
