Kerr-McGee Stockholders Adopt Merger Agreement

Kerr-McGee Corp. today announced that at a special stockholder meeting in Oklahoma City, the stockholders of the company voted to adopt the merger agreement providing for the merger of Kerr-McGee with a subsidiary of Anadarko Petroleum Corporation.

The proposed merger was announced on June 23, 2006, and is expected to be completed immediately, following the satisfaction of customary closing conditions set forth in the merger agreement. Under the terms of the merger agreement, Kerr-McGee stockholders will receive $70.50 per share in cash for each share of common stock.

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