EnCana Closes Offering

On October 2, 2003, EnCana Corporation closed an offering of US$500 million 4.75 per cent notes due in 2013 under a shelf registration statement for US$2 billion of debt securities established on August 23, 2002 under the Canadian/ U.S. multijurisdictional disclosure system. Citigroup Global Markets In.c and UBS Securities LLC acted as joint lead managers in connection with the offering.

EnCana was represented by in-house counsel David Sheridan and Gary Molnar; in Canada by Kevin Johnson, Don Tse, Harvey Steblyk and Tara Shaw of Macleod Dixon LLP; and in the U.S. by Andrew Foley, Edwin Maynard, Sheila Gibb and Aun Singapore of Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York. The underwriters were represented by Christopher Cummings, David Wilson and Bob Nguyen of Shearman & Sterling LLP in Toronto.