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UNION TEXAS PETROLEUM SETS DATE FOR REDEMPTION OF $410 MILLION OF NOTES

UNION TEXAS PETROLEUM SETS DATE FOR REDEMPTION OF $410 MILLION OF NOTES
 HOUSTON, Jan. 13 /PRNewswire/ -- Union Texas Petroleum Holdings, Inc. will redeem on Feb. 7, 1992, all of its outstanding $100 million senior subordinated reset notes due Nov. 1, 1993 and all of its outstanding $310 million 13 percent subordinated notes due July 1, 1995.
 As reported earlier today, the redemption price for the senior subordinated reset notes is 103.1250 percent (expressed as a percentage of principal amount) together with accrued interest thereon to, but not including, Feb. 7, 1992. The redemption price for the 13 percent subordinated notes is 104 percent (expressed as a percentage of principal amount) together with accrued interest thereon to, but not including, Feb. 7, 1992.
 A notice of redemption and transmittal letter will be sent to all noteholders. Additional copies of the notice of redemption and transmittal letter may be obtained from the paying agent. The notes may be surrendered to the paying agent as follows: the senior subordinated reset notes may be presented for payment at the office of State Street Bank and Trust Company, 225 Franklin St., Boston, Mass. 02110, Attention: Corporate Trust Department. The 13 percent subordinated notes may be presented for payment at the office of IBJ Schroder Bank & Trust Company, One State St., New York, N.Y. 10005.
 One of the nation's largest independent producers, Houston-based Union Texas Petroleum Holdings, Inc. (NYSE: UTH) explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic international areas. The company also has petrochemicals interests in the United States.
 -0- 1/13/92
 /CONTACT: Carol Cox of Union Texas Petroleum, 713-968-3258/
 (UTH) CO: Union Texas Petroleum Holdings, Inc. ST: Texas IN: OIL SU:


JT -- NY077 -- 9242 01/13/92 16:55 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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