Christiana Companies announces new management position.

MILWAUKEE--(BUSINESS WIRE)--Oct. 1, 1996--Christiana Companies Inc. (NYSE:CST) announced today the appointment of Gustavus F. Taylor as vice president-Corporate Development, a newly created management position.

Taylor will focus on sourcing and developing new acquisition and investment prospects for the company. Christiana's strategic plan is to build equity value by acquiring and then building growth oriented operating companies.

Taylor was formerly president, Firstar Capital Markets Group, a division of Firstar Corp., Milwaukee. As a 24 year Firstar employee, Taylor has extensive experience in merger and acquisitions, corporate finance and loan and investment syndication.

Chairman Sheldon B. Lubar said, "The addition of Gus Taylor to our management team will bring an active and focused effort to our business development activities designed to meet the objective of adding a third line of business to Christiana."

Christiana Companies principal operating business is providing refrigerated and non-refrigerated integrated logistic services. Operations are conducted through a network of 16 distribution oriented public warehouses, comprised of 33 million cubic feet of refrigerated and frozen storage capacity in 7 locations servicing the entire Midwest and a national network of 9 dry distribution centers providing 1.6 million square feet of storage capacity in key markets across the U.S. Christiana's principal investment is its holding of approximately 8.8 percent of Energy Ventures Inc., an international energy service and equipment company engaged in manufacturing drill pipe and premium tubulars, production tools and equipment, and contract drilling and workover services.

CONTACT: Christiana Companies Inc., Milwaukee

William T. Donovan, 414/291-9000