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SHELL CANADA LTD. TO EXAMINE OPPORTUNITIES

 SHELL CANADA LTD. TO EXAMINE OPPORTUNITIES@
 CALGARY, Alberta, Sept. 17 /PRNewswire/ -- In a separate news


release out of London today, the Royal Dutch/Shell Group and Montecatini SpA (Milan) announced that they have signed a Memorandum of Understanding to evaluate possibilities for worldwide integration of the polyolefins business, feedstock and technology activities of companies of the Royal Dutch/Shell Group and Montecatini.
 Jack MacLeod, president and chief executive officer of Shell Canada (Toronto, Montreal, Vancouver, Calgary: SHC), confirmed that Shell Canada will examine the opportunities open to the company as the concept for a new enterprise is developed. "We believe that the future for polypropylene is promising, and we obviously will be interested in reviewing any new opportunities."
 Shell Canada's polyolefin business is primarily comprised of its polypropylene plant in Sarnia, Ontario, which produces 170,000 tons per year and employs about 150 people. Shell Canada is a major Canadian supplier of polypropylene to domestic and international markets.
 Shell Canada Ltd. is a Canadian corporation with 22 percent of its shares held by public shareholders and 78 percent by the Royal Dutch/Shell Group.
 The following is a copy of the press release sent by Shell International Petroleum Co. this morning:
 SHELL AND MONTECATINI TO EVALUATE THE WORLDWIDE
 INTEGRATION OF THEIR POLYOLEFINS BUSINESSES
 LONDON, Sept. 17 -- Companies of the Royal Dutch/Shell Group and Montecatini SpA (Milan) announce they have signed a Memorandum of Understanding to evaluate worldwide integration of the polyolefins business, associated feedstock and technology activities of companies of the Royal Dutch/Shell Group ('Shell') and Montecatini into a new enterprise. The enterprise would comprise all of Montecatini's and substantially all of Shell's polyolefins business.
 The objective of the new enterprise would be creation of a more technologically innovative, customer-oriented and broad based supplier in the field of polyolefins. Fundamental to the attainment of this objective would be the realization of significant synergies through the merging of the two organizations along with a strengthened feedstock position.
 The guiding vision for the enterprise's management team will be enhanced satisfaction of customer needs through cost effective, technologically-advanced materials while setting new standards for product quality, customer service and environmental performance.
 Anti-trust and other appropriate authorities are being informally briefed. Formal notifications will be submitted as appropriate.
 Further information will be available when the evaluations are concluded.
 Notes
 Montecatini is the Ferruzzi-Montedison company which operates in the chemical, pharmaceutical and energy sectors. Under Montecatini, Himont is the world's largest producer and marketer of polypropylene. Ferruzzi-Montedison is a leading international industrial group which operates in the chemical, pharmaceutical, energy and agro-industrial sector with worldwide aggregate turnover of over $25 billion.
 Shell companies together form one of the largest business enterprises in the world. They handle almost a tenth of the world's oil and gas outside the former centrally planned economies, exploring for and producing, purchasing, processing and selling oil and gas. They are among the world's leading chemical businesses and represent the largest total investment in chemicals by any of the major oil companies. Shell companies also produce and trade in coal and non- ferrous metals.
 Contact:
 Shell International Petroleum Co.
 Alan Jacobs, Media Relations
 London, England
 071-934-4488
 -0- 9/17/92
 /CONTACT: Jan Rowley, Shell Canada Ltd., Calgary 403-691-5505 or; Brent Shervey, Shell Canada Ltd., Sarnia, 519-481-1100, Toronto 416-443-7124/
 (SHC) CO: Shell Canada Ltd. ST: Alberta IN: OIL SU:


EH -- LA017 -- 0510 09/17/92 09:58 EDT
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Date:Sep 17, 1992
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