Talisman Completes Debt Offerings

On January 27, 2006, Talisman Energy Inc. completed two concurrent offerings of debt securities: US$500 million of 5.85 per cent notes due 2037 were sold in the United States, and $350 million of 4.44 per cent notes due 2011 were sold in Canada. Both offerings were conducted under previously filed shelf prospectuses and were completed by a syndicate of dealers or their affiliates including Goldman Sachs, RBC Capital Markets, BNP PARIBAS, CIBC World Markets, HSBC, Scotia Capital, Bank of America, Citigroup and TD Securities. The net proceeds of the offerings were used to repay partially Talisman's acquisition credit facility with which Talisman had financed its £1,218 million acquisition of Paladin Resources plc.

Talisman was represented in-house by M. Jacqueline Sheppard, Jim Bell and Tamiko Ohta; by Macleod Dixon LLP in Canada with a team that included Kevin Johnson, Don Tse, Karen Uehara, Anne Child and Darren Hueppelsheuser; and by Dorsey & Whitney LLP in the US with a team that included Christopher Barry, Kimberley Anderson, John Hollinrake and Adam Ekberg.

The dealers were represented in Canada by McCarthy Tétrault LLP with a team that included David Phillips and Kenna Graham, and in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team that included Andrew Foley, Christopher Arana and James McClary (corporate), David Sicular and Sonia Inamdar (tax), Liza Velazquez (litigation) and William O'Brien (environmental).