Anadarko Briefs Results of Maximum Tender Offer



Anadarko Petroleum Corporation reported that, pursuant to its previously announced cash tender offers, approximately $481,205,000 in aggregate principal amount of notes subject to the Maximum Tender Offer were validly tendered and not validly withdrawn before 5:00 p.m. EDT on Monday, March 22, 2010, the early tender date for the Maximum Tender Offer, according to information provided by D. F. King & Co.

The Maximum Tender Offer is scheduled to expire at 5:00 p.m. EDT, on April 6, 2010, unless extended or earlier terminated. If more than the maximum tender amount of $472,037,000 in aggregate principal amount of notes subject to the Maximum Tender Offer are validly tendered and not validly withdrawn before the expiration of the Maximum Tender Offer, the tendered notes will be purchased in accordance with the acceptance priority levels set forth above. If there are insufficient remaining funds to purchase all the notes of a series in an applicable priority level, then the amount of notes purchased in that series will be prorated based on the aggregate principal amount tendered for that series of notes. In that event, notes of other series subject to the Maximum Tender Offer with a lower acceptance priority level than the prorated series of notes will not be accepted for purchase.

Holders of notes subject to the Maximum Tender Offer who validly tendered and did not validly withdraw their notes before the early tender date will receive the total consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of notes tendered by such holders that are accepted for purchase. Holders of notes subject to the Maximum Tender Offer who validly tender their notes after the early tender date and before the expiration date for the Maximum Tender Offer will receive the tender offer consideration, which is the total consideration minus $30.00 per $1,000 principal amount of notes tendered by such holders that are accepted for purchase.


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