Halliburton Increases of Share Repurchase Program

Halliburton's (NYSE:HAL) Board of Directors has authorized an increase of its existing common share repurchase program of up to an additional $2 billion. The share repurchase program does not require Halliburton to acquire any specific number of shares. This program may be effected through unsolicited transactions in the market and may be terminated or suspended at any time.

In February 2006, Halliburton's Board of Directors authorized an initial $1 billion share repurchase program. As of September 21, 2006, Halliburton had repurchased approximately 29.5 million shares under this program at an average price of $33.31 per share for a total of $983 million.


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