Abu Dhabi National Energy Company announces pricing of $2bn senior notes

The interest payment dates on the Notes are April 25 and October 25, with interest payments commencing on April 25, 2008. The Notes are scheduled to mature on October 25, 2012 and October 25, 2017, respectively. The sale of the Notes is expected to close on October 25, 2007. The proceeds of the offering will be used to repay borrowings under our credit agreement and for general corporate purposes.

The Notes have not been and will not be registered under the Securities Act or with any securities regulatory authority of any State or other jurisdiction of the United States. Subject to certain exceptions, the Notes may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S).

The Notes are being offered and sold outside the United States to non-U.S. persons in reliance on Regulation S and within the United States only to QIBs in reliance on Rule 144A. Prospective purchasers are hereby notified that sellers of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

This announcement does not constitute an offer to sell, or the solicitation of offers to buy, any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.