Shell and Bechtel Complete Sale of Intergen

05 August 2005

Shell and Bechtel Complete Sale of Intergen

In addition and separate to this transaction, Shell had previously advised that InterGen's assets in the United States, Colombia, and Turkey would be retained pending further review. Within the past week, an agreement has been reached to divest the US assets. Agreement has also been reached to sell the remaining interests in the Turkey assets, and progress has been made in restructuring the power project in Colombia.  These transactions, all of which are subject to obtaining necessary consents, should result in Shell's exit from InterGen activities by year end 2005, and mark a significant step in Shell's portfolio restructuring activities.