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Imperial Oil Limited responds to unsolicited third party tender offer
| Toronto, ON, January 31, 2001
| Imperial Oil Limited has been notified that TRC Capital Corporation has made an unsolicited tender offer to purchase up to 10,000,000 of the company's common shares at $34.00 (Cdn.) per share. This price is below today's closing price of $35.05 per share on The Toronto Stock Exchange.
Imperial Oil Limited wishes to inform its shareholders that it does not recommend or endorse this unsolicited offer and that the company is in no way associated with TRC Capital Corporation. Shareholders who are considering selling their shares are urged to consult their own financial advisor prior to doing so.
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