Halliburton completes KBR separation

Halliburton Co. has completed final separation of KBR Inc.

Offshore staff

HOUSTON --Halliburton Co. has completed final separation of KBR Inc.

An initial public offering of KBR common stock was completed in November 2006, and an exchange offer of Halliburton stock for KBR stock expired on April 2, 2007.

KBR also announced the appointment of two new independent directors to fill vacancies created by the resignation of the Halliburton officers who had been on the KBR board.

Newly appointed directors are John R. Huff, chairman of
Oceaneering International Inc. and chairman and CEO of Huff International; and Loren K. Carroll, former president and CEO of M-I SWACO and former executive vice president of Smith International Inc.

4/10/2007

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