Canadian Natural Resources Limited Prices C$1 Billion in 5.5 and 10 Year Notes

Canadian Natural Resources Limited Prices C$1 Billion in 5.5 and 10 Year Notes 
CALGARY, ALBERTA -- (Marketwired) -- 05/29/14 --   Canadian Natural
Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the
"Company") announces that on May 29, 2014, it issued C$500 million
principal amount of 2.60% unsecured notes due December 3, 2019 sold
at a price of C$99.822 per $100 principal amount to yield 2.635% to
maturity, and C$500 million principal amount of 3.55% unsecured notes
due June 3, 2024 sold at a price of C$99.633 per $100 principal
amount to yield 3.594% to maturity, which have been sold to investors
in Canada.  
Net proceeds from the sale of the notes will be used for general
corporate purposes relating to the Company's core regions of
operations. The Company may also use the net proceeds for repayment
of indebtedness.   
BMO Capital Markets, CIBC World Markets Inc., and RBC Dominion
Securities Inc. acted as joint lead agents and joint bookrunners for
the offering. Scotia Capital Inc., Merrill Lynch Canada Inc.,
Desjardins Securities Inc. and Altacorp Capital Inc. acted as
co-agents.  
The sale of the notes was the first issuance under the short form
Canadian base shelf prospectus dated November 1, 2013 that allows for
the issuance of debt securities in an aggregate principal amount of
up to C$3 billion. 
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or other jurisdiction.  
Canadian Natural is a senior oil and natural gas production company,
with continuing operations in its core areas located in Western
Canada, the U.K. portion of the North Sea and Offshore Africa. 
Certain information regarding the Company contained herein may
constitute forward-looking statements under applicable securities
laws.  Such statements are subject to known or unknown risks and
uncertainties that may cause actual results to differ materially from
those anticipated or implied in the forward-looking statements. Refer
to our website for complete forward-looking statements www.cnrl.com 
Contacts:
Steve W. Laut
President 
Douglas A. Proll
Executive Vice-President 
Corey B. Bieber
Chief Financial Officer & Senior Vice-President, Finance 
Canadian Natural Resources Limited
2500, 855 - 2nd Street S.W.
Calgary, Alberta, T2P 4J8 Canada
Phone: (403) 514-7777
(403) 514-7888 (FAX)
ir@cnrl.com
www.cnrl.com
 
 
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