Kinder Morgan Inc.

Shareholders of Kinder Morgan Inc., the operator of both mains gas and oil-pipe line in the USA and Canada, have approved purchase of the company by group of investors for 22 billion dollars. Security holders have agreed with the offer of group of investors led by executive director and one of the company’s founders Richard Kinderom. The deal is carried out also with the participation of financial company Goldman Sachs Capital Partners, insurance company American International Group Inc., and investment companies Carlyle Group, Riverstone Holdings LLC, AIG Financial Products, AIG Highstar Capital. These companies are ready to pay 107.5 dollars for one common stock (the total value is 15 billion dollars).

Shareholders also have considered in reaching decision, that the group of investors will accept company’s liabilities at a rate of 7 billion dollars. It is expected, that the deal will be completed in the beginning of 2007.

On August, 28th 2006 Kinder Morgan has declared signing of the agreement. It was the agreement about purchases of the company for 22 billion dollars by group of investors. The offer has been supported by board of directors which also recommended shareholders to accept this offer.

In May 2006 the group of investors in the same structure has suggested to buy the company for 13.4 billion dollars (100 dollars for the stock).

The company Kinder Morgan has been created in July 1999. R.Kinder, former employee of Enron Corp., with partners purchased pipeline operator KN Energy, and later - actives of Enron on manufacture liquetied natural gas. Kinder Morgan owns pipeline system, the length of which is nearby 70 thousand km.