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U.S. LISTING FOR ENTERPRISE ORDINARY SHARES

 U.S. LISTING FOR ENTERPRISE ORDINARY SHARES
 LONDON, Sept. 28 /PRNewswire/ -- Enterprise Oil plc announced it


today filed with the U.S. Securities and Exchange Commission a registration statement relating to the public offering of 6.75 million American Depositary Shares (ADSs), each representing three ordinary shares with a nominal value of 25p.
 Application has been made to list the ADSs on the New York Stock Exchange. The ordinary shares represent approximately 5 percent of Enterprise's issued ordinary share capital.
 The net proceeds of the offering will be used for general corporate purposes including the group's investment program.
 Graham Hearne, chairman and chief executive of Enterprise, commented: "This is an important development for Enterprise. It is a strategic step in a U.S. funding program which has so far included the issue of debt and fixed-rate preference shares and marks a significant development in a long-term relationship with investors in the largest energy and equity market in the world. We believe this will be of benefit to all shareholders."
 Enterprise Oil is one of the world's leading independent exploration and production companies with crude oil and natural gas assets concentrated on the United Kingdom Continental Shelf and the Norwegian sector of the North Sea and other interests mainly in Europe, Southeast Asia and Australia.
 The managing underwriters for the ADS offering comprise: Lehman Brothers (book runner), Merrill Lynch & Co., and S.G. Warburg Securities.
 In addition, Enterprise also announced today that a U.S. public offering of a second tranche of $25 cumulative preference shares had been successfully priced. The issue of 5.1 million shares, amounting to $127.5 million, carries a gross dividend of 9.84 percent inclusive of the U.K. tax credit but before withholding tax.
 In June 1992 Enterprise issued 6.9 million $25 cumulative preference shares raising $172.5 million.
 The creation of these 12 million $25 cumulative preference shares was authorized by Enterprise shareholders in May 1992.
 A registration statement relating to the ADSs has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the prospectus relating to the ordinary share offering are available from: Lehman Brothers, 3rd floor, 34 Herbert St., New York, NY 10013, Attention: Prospectus Department.
 -0- 9/28/92
 /CONTACT: John Van Der Welle, Andrew Shilston, Ray Dafter or Paul Donkersley of Enterprise, in London, 071-925-4000; William R. Harrison or Ludovico del Balzo, in London, 071-601-0011, or Jeffrey R. Sechrest, in New York, 212-298-4363, all of Lehman Brothers; or Kay Breakstone of Burson Marsteller, in New York, 212-614-4000, for Enterprise/ CO: Enterprise Oil plc ST: IN: OIL SU: OFR


GK-SH -- NY046 -- 4014 09/28/92 14:13 EDT
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Date:Sep 28, 1992
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