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Amerada Hess Corporation (NYSE: AHC) announced today that in response to its cash
tender offer, made through its wholly owned subsidiary, Amerada Hess (Cayman)
Limited, to purchase all of the Ordinary Shares of Triton Energy Limited for $45
per share, based on reports from The Bank of New York as Depositary, 63,751,116
Ordinary Shares (including 22,899,985 Ordinary Shares subject to guarantees of
delivery) or 99.64% of the outstanding Ordinary Shares of Triton had been validly
tendered and not withdrawn as of 12:00 midnight, New York time, on Monday, August
13, 2001, the expiration date of the offer. Amerada Hess (Cayman) has accepted
for payment the tendered shares. The shares tendered include Ordinary Shares (subject
to guarantees of delivery) issued on the conversion of the Preference Shares of
Triton owned by Hicks, Muse, Tate & Furst Incorporated.
As previously announced, Amerada Hess (Cayman) intends to effect a compulsory
acquisition of the remaining Ordinary Shares that are not owned by Amerada Hess,
Amerada Hess (Cayman) or any subsidiary of Amerada Hess in accordance with the
law of the Cayman Islands as soon as is permitted by the law of the Cayman Islands.
Contact: Amerada Hess Corporation.......C.T. Tursi (212) 536-8593