St. Mary Announces Two-for-One Stock Split

St. Mary Land & Exploration Company (NYSE: SM) announced that its Board of Directors has approved a 2-for-1 stock split, to be effected in the form of a stock dividend whereby stockholders of record on March 21, 2005, will be issued one additional share of St. Mary common stock for each share owned as of that date. The additional shares from the stock dividend are expected to be distributed on or about March 31, 2005. After the stock dividend there will be approximately 57.2 million shares of St. Mary common stock outstanding. The Board of Directors also approved maintaining the regular semi-annual dividend rate of $0.05 per share of common stock, which on a post-split basis would effectively double the current regular semi-annual dividend.
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