THE WALL STREET JOURNAL: BG Group Completes Rosetta Purchase: “BG Group Wednesday said it has completed the purchase of Shell Egypt N.V's and Shell Austria G.m.b.H's interest in the Rosetta concession offshore Egypt” (ShellNews.net) 24 Nov 04

DOW JONES NEWSWIRES

November 24, 2004 5:08 a.m.

Edited Press Release

LONDON -- BG Group Wednesday said it has completed the purchase of Shell Egypt N.V's and Shell Austria G.m.b.H's interest in the Rosetta concession offshore Egypt (as announced on Sep. 6).

The company said that on Jun. 4 Shell and Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced that they had reached an agreement for the sale to KUFPEC of Shell 's 40 per cent stake in the BG Group operated Rosetta Concession in the Nile Delta. BG Group's pre-emption of the sale of Shell's stake has increased its equity interest in Rosetta from 40 to 80 per cent.