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Talisman Energy Inc. is pleased to announce that it has enetered into a definitive agreement with Repsol S. A. under which Repsol will acquire all of the outstanding common shares of Talisman. Combining with Repsol provides significant immediate value for Talisman stakeholders, and secures significant benefits for Canada. Talisman's Board firmly believes this is the right choice for Talisman and its shareholders, employees, partners and communities.


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Lyle McLeod
Vice President, Investor Relations

Phone: 403.767.5732
Fax: 403.231.3629