El Paso Corp. announces preliminary vote tally

Confirms board’s nominees reelected

HOUSTON, July 15, 2003 — El Paso Corp. on Tuesday announced that the preliminary tabulation of votes prepared by the independent inspector of election shows El Paso shareholders voted to elect all 12 of the Board of Directors’ nominees at El Paso’s June 17, 2003 Annual Meeting.

The breakdown of the preliminary voting results for each Director nominee, together with a summary of the preliminary voting results for each of the other proposals voted upon at the meeting, is attached to this release.

The preliminary tabulations are subject to review by both the company and the dissident group prior to final certification. A final tabulation will be compiled and the vote will be certified after the review process is completed.

El Paso Corporation is a provider of natural gas services and the largest pipeline company in North America. The company has core businesses in pipelines, production, and midstream services. Rich in assets, El Paso is committed to developing and delivering new energy supplies and to meeting the growing demand for new energy infrastructure. For more information, visit www.elpaso.com .

El Paso Corporation Annual Meeting — June 17, 2003
Preliminary Voting Report of IVS Associates Inc. — July 15, 2003

Preliminary results of voting with respect to the election of Directors:

John M. Bissell 227,996,718
Juan Carlos Braniff 222,562,773
James L. Dunlap 228,153,435
Robert W. Goldman 228,183,634

Anthony W. Hall, Jr. 228,167,420
Ronald L. Kuehn, Jr. 227,788,538
J. Carleton MacNeil, Jr. 228,206,969
Thomas R. McDade 222,565,190
J. Michael Talbert 227,716,013

Malcolm Wallop 217,915,977
John L. Whitmire 229,675,758
Joe B. Wyatt 223,201,808
R. Gerald Bennett 196,966,506

C. Robert Black 195,945,772
Charles H. Bowman 196,971,420
Ronald J. Burns 196,962,647
Stephen D. Chesebro 196,860,705

Ted Earl Davis 197,026,618
John J. Murphy 202,465,618
John V. Singleton 197,004,514
Selim K. Zilkha 115,536,556

Preliminary voting results with respect to each of the other proposals presented at the Annual Meeting are indicated below:

— The company proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent certified public accountants for fiscal year ending December 31, 2003 was approved;

— The company proposal to amend our Certificate of Incorporation to eliminate Article 12 containing a “fair price” provision was approved;

— The company proposal to amend our Certificate of Incorporation to eliminate our Series A Junior Participating Preferred Stock was approved;

— The dissident proposal to amend By-laws to fix the number of directors at nine was defeated;

— The dissident proposal to amend the company’s By-laws to delete advance notice provisions applicable to director nominations was defeated;

— The dissident proposal to amend the company’s By-laws to repeal changes made after November 7, 2002 was defeated;

— The dissident proposal purporting to establish the sequence for presentation of proposals at the annual meeting was approved;

— The shareholder proposal requesting the preparation of a pay disparity report was defeated;

— The shareholder proposal requesting that the company index options for senior executives was defeated; and

— The shareholder proposal requesting that the company redeem any poison pill and seek shareholder approval prior to the adoption of any new poison pill was approved.

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