Cameron Tags Senior Notes at $750MM

Cameron has priced a public offering of $450 million aggregate principal amount of 6 3/8% senior notes due 2018 and $300 million aggregate principal amount of 7% senior notes due 2038.

The sale of the senior notes is expected to settle on June 26, 2008, subject to customary closing conditions. Cameron intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions, repurchases or conversions of its common stock and convertible debt securities, additional working capital needs, capital expenditures and repayment and refinancing of other indebtedness.

J.P. Morgan Securities Inc., Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the senior notes offering. In addition, DnB NOR Markets, Inc, Greenwich Capital Markets, Inc and Mitsubishi UFJ Securities International PLC are senior co-managers, and BBVA Securities Inc., Citigroup Global Markets Inc., Standard Chartered Bank and UniCredit Capital Markets, Inc. are co-managing underwriters.


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