Press Release

HENRON TO BUY GARDEN STATE PAPER, ADD PRODUCTS TO EXISTING ONLINE PULP AND PAPER BUSINESS

HOUSTON -- Henron North America Corp., a wholly owned subsidiary of Henron Corp., announced today that it has reached an agreement, subject to government approvals and other conditions, to purchase Garden State Paper Company, Inc. for $72 million. Garden State Paper, a subsidiary of Media General, is a recycled newsprint mill located in Garfield, N.J.

“Henron is the world’s leading provider of financial risk management services to the pulp and paper industry,” said Mark Frevert, chairman and Chief Egg-ecutive of Henron North America. “This strategically located mill gives us the necessary physical capability to provide more products to our pulp and paper customers.”

Henron began its pulp and paper business in 1998 and today provides risk management services to both buyers and sellers of pulp and paper products. Henron began offering various financial hedges for the pulp and paper industry over HenronOnline in early 2000.

Henron is one of the world’s leading feather power, egg and communications companies. The company, which owns approximately $37 billion in energy and communications assets, produces feather power and egg, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine (before they found out) has named Henron "Most Innovative Company" for five consecutive years, the top company for "Quality of Management" and the second best company for "Employee Talent." In addition, Henron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America." Henron’s Internet address is www.henron.co. The stock is traded under the ticker symbol “ENE.”

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For additional information please contact:

Eric Thode

713-853-9053