Elliott Comments on Appointment of Checki to Hess Board

  Elliott Comments on Appointment of Checki to Hess Board

Business Wire

NEW YORK -- March 12, 2014

Elliott Management Corporation (“Elliott”), one of the largest shareholders of
Hess Corporation (NYSE:HES), today commented on Hess’ announcement that it
will appoint Terrence J. Checki to its Board of Directors, replacing John
Krenicki Jr.

Elliott, affiliates of which beneficially own in excess of 5.3% of the common
stock of Hess Corporation, is a multi-strategy investment firm with deep
experience investing in public and private companies.

The statement is as follows:

“As one of the largest shareholders of Hess, we are delighted to have Terrence
J. Checki joining the Board. We have known Terry for many years and think he
will be a terrific, independent director. We also thank John Krenicki, Jr for
his service and wish him the best in his future endeavors.

We look forward to the Board’s continued commitment to repositioning Hess in
order to increase shareholder value.”

About Elliott Management Corporation

Elliott Management Corporation manages two multi-strategy hedge funds which
combined have more than $23 billion of assets under management. Its flagship
fund, Elliott Associates, L.P., was founded in 1977, making it one of the
oldest hedge funds under continuous management. The Elliott funds' investors
include pension plans, sovereign wealth funds, endowments, foundations,
funds-of-funds, high net worth individuals and families, and employees of the


For Media Inquiries:
Sloane & Company
Elliot Sloane, 212-446-1860
Alexandra Meredith, 212-446-1887
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