Elliott Management Releases Second Presentation for Hess Shareholders

  Elliott Management Releases Second Presentation for Hess Shareholders

Underscores Hess Board’s Lack of Accountability and Poor Management Oversight

Business Wire

NEW YORK -- March 13, 2013

Elliott Management Corporation (“Elliott”), affiliates of which own 4.39% of
the common stock of Hess Corporation (NYSE: HES), today posted a presentation
entitled “Accountability Needed to Recoup Shareholder Value” to
www.ReassessHess.com. The presentation demonstrates the ongoing lack of board
accountability to shareholders at Hess and underscores the need for truly
independent leadership in the Hess boardroom.

Please visit www.ReassessHess.com to download the full presentation and for
more information.

Additional Information

Elliott Associates, L.P. and Elliott International, L.P. (“Elliott”) intend to
make a filing with the Securities and Exchange Commission of a proxy statement
and an accompanying proxy card to be used to solicit proxies in connection
with the 2013 Annual Meeting of Stockholders (including any adjournments or
postponements thereof or any special meeting that may be called in lieu
thereof) (the “2013 Annual Meeting”) of Hess Corporation (the “Company”).
Information relating to the participants in such proxy solicitation has been
included in materials filed on January 29, 2013 by Elliott with the Securities
and Exchange Commission pursuant to Rule 14a-12 under the Securities Exchange
Act of 1934, as amended. Stockholders are advised to read the definitive proxy
statement and other documents related to the solicitation of stockholders of
the Company for use at the 2013 Annual Meeting when they become available
because they will contain important information, including additional
information relating to the participants in such proxy solicitation. When
completed and available, Elliott's definitive proxy statement and a form of
proxy will be mailed to stockholders of the Company. These materials and other
materials filed by Elliott in connection with the solicitation of proxies will
be available at no charge at the Securities and Exchange Commission's website
at www.sec.gov. The definitive proxy statement (when available) and other
relevant documents filed by Elliott with the Securities and Exchange
Commission will also be available, without charge, by directing a request to
Elliott’s proxy solicitor, Okapi Partners, at its toll-free number (877)
796-5274 or via email at info@okapipartners.com.

Cautionary Statement Regarding Forward-Looking Statements

The information herein contains “forward-looking statements.” Specific
forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts and include, without
limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,”
“plans,” “estimates,” “projects,” “targets,” “forecasts,” “seeks,” “could” or
the negative of such terms or other variations on such terms or comparable
terminology. Similarly, statements that describe our objectives, plans or
goals are forward-looking. Our forward-looking statements are based on our
current intent, belief, expectations, estimates and projections regarding the
Company and projections regarding the industry in which it operates. These
statements are not guarantees of future performance and involve risks,
uncertainties, assumptions and other factors that are difficult to predict and
that could cause actual results to differ materially. Accordingly, you should
not rely upon forward-looking statements as a prediction of actual results and
actual results may vary materially from what is expressed in or indicated by
the forward-looking statements.

About Elliott Associates

Elliott Associates, L.P. and its sister fund, Elliott International, L.P. have
more than $21 billion of capital under management. Founded in 1977, Elliott is
one of the oldest hedge funds under continuous management. The Elliott funds'
investors include large institutions, high-net-worth individuals and families,
and employees of the firm.

Contact:

Media:
Elliot Sloane
Sloane & Company
(212) 446-1860
(646) 623-4819 (cell)
or
John Hartz
Sloane & Company
(212) 446-1872
(718) 926-3503 (cell)
or
Investor:
Bruce H. Goldfarb/ Pat McHugh/ Geoff Sorbello
Okapi Partners LLC
(212) 297-0720
info@okapipartners.com