El Paso Declares Quarterly Dividend

The board of directors of El Paso Corporation declared today a quarterly dividend of $0.05 per share on the company's outstanding common stock. The dividend will be payable April 1, 2009 to shareholders of record as of the close of business on March 6, 2009.

Outstanding shares of common stock entitled to receive dividends as of December 31, 2008 were 700,034,529.

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