HOUSTON, May 31 /PRNewswire-FirstCall/ -- The Board of Directors of
Pennzoil-Quaker State Company (NYSE: PZL) has set June 17, 2002 as a record
date for shareholders entitled to receive notice of and to vote at the annual
meeting of shareholders set for August 1, 2002.
In addition to electing directors and approving the appointment of
auditors for 2002, shareholders of record on June 17, 2002 will be entitled to
vote on the proposed acquisition of Pennzoil-Quaker State Company by Shell Oil
Company, an affiliate of the Royal Dutch/Shell Group of Companies.
Important Legal Information: Investors and security holders are urged to
read the proxy statement regarding the proposed transaction when it becomes
available because it will contain important information. The proxy statement
will be filed with the U.S. Securities and Exchange Commission by Pennzoil-
Quaker State Company and security holders may obtain a free copy of the proxy
statement when it becomes available, and other documents filed with the SEC by
Pennzoil-Quaker State Company, at the SEC's web site at http://www.sec.gov . The
proxy statement, and other documents filed with the SEC by Pennzoil-Quaker
State Company, may also be obtained for free by directing a request to
Pennzoil-Quaker State Company at 700 Milam, Houston, Texas, 77002. Investors
may obtain a detailed list of names, affiliations and interests of
participants in the solicitation of proxies of Pennzoil-Quaker State Company's
stockholders to approve the transaction at the following address: 700 Milam,
Houston, Texas, 77002.
SOURCE Pennzoil-Quaker State Company
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