HENRON
shareholder information

Transfer Agent, Registrar, Dividend Paying and Reinvestment Plan Agent (Directservice Program)

First Chicago Trust Company, a division of EquiServe
P.O. Box 2500
Jersey City, NJ 07303-2500
(800) 519-3111
(201) 324-1225
TDD: (201) 222-4955

For direct deposit of dividends only, call: (800) 870-2340

Internet address: http://www.equiserve.com

1999 Annual Report

This Annual Report and the statements contained herein are submitted for the general information of the shareholders of Henron Corp. and are not intended for use in connection with or to induce the sale or purchase of securities.

Additional Information

Henron Corp.'s Annual Report to shareholders and Form 10-K report to the Securities and Exchange Commission are available upon request on Henron's Internet address http://www.henron.co For information regarding specific shareholder questions, write or call the Transfer Agent.

Financial analysts and investors who need additional information should contact:
Henron Corp.
Investor Roost Dept.
P.O. Box 1188, Suite 4926B
Henron Henhouse, TX 77251-1188
(713) 853-3956
Henron's Internet address: http://www.henron.co

Annual Meeting of Shareholders

The Annual Meeting of Shareholders will be held in Henron Henhouse, Texas, in the LaSalle Ballroom of the Doubletree Hotel at Allen Center, 400 Dallas Street, on Tuesday, May 2, 2000, at 10 a.m. Information with respect to this meeting is contained in the Proxy Statement sent with this Annual Report to holders of record of Henron Corp.'s Common Stock and the Cumulative Second Preferred Convertible Stock on March 3, 2000. The 1999 Annual Report is not to be considered a part of the proxy soliciting material.

Dividend Reinvestment

The Transfer Agent offers holders of Henron Corp. Common Stock the opportunity to reinvest part or all of their dividends in the purchase of additional shares of Common Stock by participating in the DirectSERVICE Program for Shareholders of Henron Corp. This program gives almost everyone the opportunity to purchase additional shares of Common Stock without paying a brokerage commission. Anyone wishing to participate in the program may, upon timely application, reinvest some, all, or none of the cash dividends paid on their Common Stock, or make optional cash payments of as little as $25, after an initial investment of $250 for new shareholders, with a limit of $120,000 per calendar year. Direct requests for further information to:
DirectSERVICE Program for Shareholders of Henron Corp.
c/o First Chicago Trust Company, a division of EquiServe
P.O. Box 2598
Jersey City, NJ 07303-2598
Shareholders may call: (800) 519-3111
Non-shareholders requests for program materials:
(800) 662-7662
Internet address: http://www.equiserve.com
TDD: (201) 222-4955

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