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Exhibit 99.1
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
DISTRIBUTION OF UNITS
RED BANK, NEW JERSEY - - June 30, 2000. The second step in the
implementation of the February 1996 settlement between North European
Oil Royalty Trust and the Delaware State Escheator, previously approved by
the Delaware Court of Chancery, was effected today with the issuance of
Trust units to the Delaware State Escheator. This second issuance was for
190,128 Trust units and brings the total number of Trust units issued to
the Delaware State Escheator to 570,378. The current issuance increases
the total number of Trust units outstanding to 8,886,804.
Trust units of beneficial interest are traded on the New York
Stock Exchange under the symbol NET. For further information, contact
John R. Van Kirk, Managing Director at (732) 741-4008.
