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HUSKY OIL LTD. ANNOUNCES ARTHUR R. PRICE ACCEPTS NEW APPOINTMENT AND RESIGNS AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

 CALGARY, Alberta, June 21 /PRNewswire/ -- Husky Oil Ltd. announced today that Arthur R. Price has accepted a new appointment within the Li Group of Companies as special advisor on International Investments to the board of directors of Hutchison Whampoa Ltd. In order to take up his new duties, Price will resign his position as president and chief executive officer for Husky Oil effective June 30, 1993. Price has been with Husky since 1979. He was named president in 1984 and chief executive officer in 1987.
 The combined position of president and chief executive officer will not be filled. Instead, it will be split into two positions. John Lau, executive vice president, will become chief executive officer. Lau has been an executive with the Li Ka-shing Group of companies for more than 10 years, and has undertaken a number of senior executive assignments with various Group companies. Lau has been with Husky since 1992. The appointment of the new president is expected to be announced at a later date. Price will continue to assist Husky to ensure a smooth transition. In his new capacity with Hutchison, Price will continue to serve as an active member and key advisor to the board of directors of Husky.
 Husky Oil Ltd. is an internationally active, Canadian-based petroleum company with headquarters in Calgary. Husky is a privately held company controlled by the Hong Kong-based Li Ka-shing Group of companies. The group's principal business activities comprise property and hotels, quarrying, container terminals, retailing, telecommunications and media, power generation and supply and China trade. The prominent, publicly listed companies with the Group are Cheung Kong (Holdings) Ltd., Hutchison Whampoa Ltd. and Hong Kong Electric Holdings Ltd.
 -0- 6/21/93
 /CONTACT: Dawn Mitchell, corporate communications manager of Husky Oil, 403-298-7188/


CO: Husky Oil Ltd. ST: Alberta IN: OIL SU: PER

BP -- LA033 -- 4255 06/21/93 19:09 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
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