Canadian Natural Resources Limited

Canadian Natural Resources Limited

March 17, 2005 05:00 ET

Canadian Natural Resources Limited Proposes Two-For-One Stock Split


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CANADIAN NATURAL RESOURCES LIMITED

NYSE, TSX SYMBOL: CNQ

MARCH 17, 2005 - 05:00 ET

Canadian Natural Resources Limited Proposes
Two-For-One Stock Split

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - Canadian Natural
Resources Limited ("Canadian Natural") (TSX:CNQ) (NYSE:CNQ) announces
that the Board of Directors will recommend to the shareholders that the
Company's common shares be subdivided on the basis of 2:1. The proposal
will be voted on at the Annual and Special Meeting of the Shareholders
to be held May 5, 2005. If approved, it is expected that the record date
for determining shareholders entitled to participate in the subdivision
of the Company's common shares will be on or about May 20, 2005 and that
the share certificates representing the additional common shares will be
issued on or about May 27, 2005. In commenting on the stock split, Allan
Markin, Chairman, stated "by increasing the number of our common shares,
we increase our trading liquidity which should result in a wider share
ownership base."

Canadian Natural currently has approximately 268.2 million common shares
issued and outstanding.

Canadian Natural is a senior oil and natural gas production company,
with continuing operations in its core areas located in Western Canada,
the U.K. portion of the North Sea and Offshore West Africa.

Certain information regarding the Company contained herein may
constitute forward-looking statements under applicable securities laws.
Such statements are subject to known or unknown risks and uncertainties
that may cause actual results to differ materially from those
anticipated or implied in the forward-looking statements.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Canadian Natural Resources Limited
    Allan P. Markin
    Chairman
    (403) 514-7777
    (403) 517-7370 (FAX)
    or
    Canadian Natural Resources Limited
    John G. Langille
    President
    (403) 514-7777
    (403) 517-7370 (FAX)
    or
    Canadian Natural Resources Limited
    Steve W. Laut
    Chief Operating Officer
    (403) 514-7777
    (403) 517-7370 (FAX)
    or
    Canadian Natural Resources Limited
    Corey B. Bieber
    Director, Investor Relations
    (403) 514-7777
    (403) 517-7370 (FAX)
    Email: ir@cnrl.com
    Website: www.cnrl.com
    or
    Canadian Natural Resources Limited
    2500, 855 - 2nd Street S.W.
    Calgary, Alberta
    T2P 4J8