TPG-Axon Launches Informational Website Regarding Proposals and Consent Solicitation to Maximize Value at SandRidge Energy

  TPG-Axon Launches Informational Website Regarding Proposals and Consent
  Solicitation to Maximize Value at SandRidge Energy

              - Calls for SandRidge Energy Shareholders to Visit
                      www.shareholdersforsandridge.com -

 - Must be a shareholder of record as of December 13, 2012 to vote shares in
                            consent solicitation -

Business Wire

NEW YORK -- December 06, 2012

TPG-Axon, beneficial owner of 6.5% of the outstanding shares of SandRidge
Energy, Inc. (NYSE: SD), announced today it has created a website,
www.shareholdersforsandridge.com, to provide SandRidge Energy shareholders
with information regarding its intended consent solicitation to amend
SandRidge’s bylaws and remove and replace members of the current Board of
Directors. Importantly, the website provides detailed information regarding
how SandRidge Energy shareholders will be able to cast their votes in favor of
TPG-Axon’s proposals.

To amend SandRidge’s bylaws and remove and replace members of the current
Board of Directors, more than 50% of the company’s shareholders must consent
to TPG-Axon’s intended proposals. TPG-Axon has hired MacKenzie Partners to
solicit consents on its behalf. Any consents not delivered count as votes
against TPG-Axon’s proposals, per the company’s bylaws, as amended on November
19, 2012.

If you are shareholder of record as of December 13, 2012, TPG-Axon asks that
you: 1) please confirm with your broker or custodian that your shares are
eligible to vote (and not loaned out); and 2) submit your contact information
on the website. Information submitted on the website will be shared with
TPG-Axon’s proxy solicitor, MacKenzie Partners, allowing TPG-Axon to find you
during the consent solicitation.

For more information on TPG-Axon’s proposals and on the process for voting
shares in favor of those proposals, go to www.shareholdersforsandridge.com.

About TPG-Axon Capital

TPG-Axon Capital is a leading global investment firm. Through offices in New
York, London, Hong Kong and Tokyo, TPG-Axon invests across global markets and
asset classes.

TPG-AXON MANAGEMENT LP, TPG-AXON PARTNERS GP, L.P., TPG-AXON GP, LLC, TPG-AXON
PARTNERS, LP, TPG-AXON INTERNATIONAL, L.P., TPG-AXON INTERNATIONAL GP, LLC,
DINAKAR SINGH LLC AND DINAKAR SINGH (COLLECTIVELY, “TPG-AXON”) INTEND TO FILE
WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) A DEFINITIVE CONSENT
STATEMENT AND ACCOMPANYING CONSENT CARD TO BE USED TO SOLICIT WRITTEN CONSENTS
FROM THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC. IN CONNECTION WITH TPG-AXON'S
INTENT TO TAKE CORPORATE ACTION BY WRITTEN CONSENT. ALL STOCKHOLDERS OF
SANDRIDGE ENERGY, INC. ARE ADVISED TO READ THE DEFINITIVE CONSENT STATEMENT
AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF WRITTEN CONSENTS BY
TPG-AXON AND ANY OTHER PARTICIPANTS AT SUCH TIME (COLLECTIVELY, THE
"PARTICIPANTS") FROM THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC., WHEN THEY
BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING
ADDITIONAL INFORMATION RELATED TO THE PARTICIPANTS. WHEN COMPLETED, THE
DEFINITIVE CONSENT STATEMENT AND FORM OF WRITTEN CONSENT WILL BE FURNISHED TO
SOME OR ALL OF THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC. AND WILL, ALONG WITH
OTHER RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT
HTTP://WWW.SEC.GOV. IN ADDITION, TPG-AXON WILL PROVIDE COPIES OF THE
DEFINITIVE CONSENT STATEMENT AND ACCOMPANYING CONSENT CARD (WHEN AVAILABLE)
WITHOUT CHARGE UPON REQUEST.

INFORMATION ABOUT THE CURRENT PARTICIPANTS AND A DESCRIPTION OF THEIR DIRECT
OR INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN EXHIBIT 2 TO THE
SCHEDULE 14A FILED BY TPG-AXON WITH THE SEC ON NOVEMBER 30, 2012. THIS
DOCUMENT CAN BE OBTAINED FREE OF CHARGE FROM THE SOURCES INDICATED ABOVE.

Contact:

For TPG-Axon
Anton Nicholas, Phil Denning, Jason Chudoba
203-682-8200
Anton.Nicholas@icrinc.com
Phil.Denning@icrinc.com
Jason.Chudoba@icrinc.com
 
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