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COASTAL STOCKHOLDERS ELECT SIX DIRECTORS TO NEW TERMS

 HOUSTON, May 7 /PRNewswire/ -- At the annual meeting of The Coastal Corporation (NYSE: CGP) in Houston, Thursday, stockholders re-elected six directors to new three-year terms expiring in 1996, approved a proposal to increase the authorized shares of preferred stock, and rejected a stockholder proposal.
 Incumbent directors elected to new terms were: John M. Bisell, Harold Burrow, Roy D. Chapin Jr., James F. Cordes, Roy L. Gates and Jerome S. Katzin.
 Terms of office expire in 1994 for five other current directors and in 1995 for six directors.
 Approximately 91 percent of the voting power of Coastal's common, voting preferred and Class A common stock were represented at the annual meeting. Of the total votes cast, over 99 percent were for the election of the six directors.
 A proposal to increase authorized shares of preferred stock from 20 million to 50 million was approved. A stockholder proposal requiring the company to make environmental disclosures in a format designed by certain environmental activist groups was defeated by 92 percent of the shares voted.
 The Coastal Corporation is a Houston-based energy holding company. Coastal has consolidated assets of $10 billion and subsidiary operations in natural gas marketing, transmission and storage, refining and marketing, oil and gas exploration and production, coal, chemicals, trucking and independent power production.
 -0- 5/7/93
 /CONTACT: Dave Scott, 713-877-3839, or Steve Eames, 713-877-6733, both of The Coastal Corporation/
 (CGP)


CO: The Coastal Corporation ST: Texas IN: OIL SU: PER

PS-TS -- NY035 -- 5909 05/07/93 11:21 EDT
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Publication:PR Newswire
Date:May 7, 1993
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