Cameron Notifies Holders of 2.50% Convertible Senior Notes Due 2026 of Put Option

Cameron CAM is notifying holders of its 2.50% Convertible Senior Notes due 2026 that they have an option, pursuant to the terms of the Notes, to require Cameron to purchase, on June 15, 2011, all or a portion of such holders' Notes at a cash price equal to $1,000 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest. If all outstanding Notes are surrendered for purchase the aggregate repurchase price will be approximately $371,769,000. The opportunity to exercise the Put Option will commence on May 17, 2011 and will terminate at midnight, New York City time, on June 14, 2011. Holders may withdraw any previously tendered Notes pursuant to the terms of the Put Option at any time prior to midnight, New York City time, on June 14, 2011.