Elliott Management Proposes Resolution to End Hess Proxy Fight

Elliott Management Corporation (“Elliott”), one of the largest shareholders of Hess Corporation HES, today issued the following statement: “Consistent with Hess's promise to refresh the Board, Elliott proposes that all Shareholder Nominees and all Management Nominees step onto a reconstituted Board—the size and composition to be agreed upon. Shareholders want real change and a renewed Board. Hess has promised such renewal and this solution will follow through on that promise. The Shareholder Nominees look forward to working with the reconstituted Board to restore accountability and investor confidence that will maximize value for all Hess Shareholders.” www.reassesshess.com. See full press release