Shareholders from Magnum Hunter and Prize Energy Approve Merger



Magnum Hunter Resources, Inc. and Prize Energy Corp. announced the voting results from the special meetings of stockholders held on March 13, 2002. Shareholders of both companies overwhelmingly approved the merger. Magnum Hunter received a 98% vote for the merger from 24.3 million shares voted, representing 63% of total shares eligible to vote at the meeting. Prize received a 99% vote for the merger from 10.4 million shares voted, representing 83% of total shares eligible to vote at the meeting.

Separately, Magnum Hunter received a 96% vote of approval from 24.3 million shares voted, representing 62% of total shares eligible to vote at the meeting, for the proposal to increase the authorized number of shares of Magnum Hunter common stock to 200,000,000.

The final closing of the merger is on schedule for Friday, March 15, 2002.