BOC COMPLETES ETOL PIPELINE ACQUISITION FOLLOWING MERGER CLEARANCE

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BOC COMPLETES ETOL PIPELINE ACQUISITION FOLLOWING MERGER CLEARANCE
23 July 2002 - BOC Gases

BOC has announced it has completed the purchase of the industrial assets of Enron Teesside Operations Limited. The purchase was completed on July 12 following approval of the acquisition by The Secretary of State for Trade and Industry.

"I am delighted to close this deal which will bring growth opportunities for BOC on Teesside, an area that is consolidating its position as the place to be for major players in the chemicals market," said Nigel Hunton, managing director, BOC Process Gas Solutions.

The gases deal, originally announced on June 5, involves the acquisition of 28 miles (45 kilometres) of pipelines and compression facilities used for the delivery of gaseous oxygen and nitrogen directly to a number of large customers in the Teesside area. It will enable BOC to link directly with customers rather than go through ETOL for delivery.

These agreements will extend and strengthen BOC’s supply capability for customers on Teesside and consolidates the company’s position as the leading supplier of industrial gases in the area. BOC's Teesside facility is one of the largest industrial gases complexes in Europe.

http://www.boc.com

About: BOC Gases
Through its PGS line of business, BOC supplies gas and related solutions to the chemicals, petroleum, glass, water services, electronic packaging, fibre optics, hydrogen energy, metals and food industries. BOC helps meet customer needs in a variety of ways, from the supply of a single gas or application through to designing, constructing and operating fully integrated gas and utilities schemes.

The BOC Group, which serves two million customers in more than 50 countries, is one of the largest and most global of the world's leading gases companies. It employs some 44,500 people worldwide and had annual sales of over £4.3 billion in 2003. Further information about The BOC Group may be obtained on the Internet at www.boc.com

The BOC Group has an international portfolio of companies grouped for management control and reporting into three lines of business: Process Gas Solutions, Industrial and Special Products, and BOC Edwards. It also has a specialist logistics business, Gist.

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