News: OSH Oil Search Announces Completion Of Retail Entitlement Offer

May 1 (Reuters) - Oil Search Ltd (OSH) :

• COMPLETION OF RETAIL COMPONENT OF UNDERWRITTEN 1 FOR 8 ACCELERATED PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER
• NEW OIL SEARCH SHARES WILL BE ISSUED UNDER RETAIL ENTITLEMENT OFFER ON 4 MAY
• UNDER RETAIL ENTITLEMENT OFFER, RAISED ABOUT A$80 MILLION
• NEW OIL SEARCH SHARES EXPECTED TO COMMENCE TRADING ON ASX ON NORMAL SETTLEMENT BASIS ON 5 MAY
• RETAIL ENTITLEMENT OFFER RECEIVED VALID APPLICATIONS OF ABOUT A$39.4 MILLION, A TAKE UP RATE BY ELIGIBLE SHAREHOLDERS OF ABOUT 49%
• SHORTFALL OF ABOUT A$0.5 MILLION UNDER RETAIL ENTITLEMENT OFFER TO BE ALLOTTED TO SUB-UNDERWRITERS OF RETAIL ENTITLEMENT OFFER