Icahn Responds to Chesapeake Announcement of Audrey K. McClendon Retirement

 Icahn Responds to Chesapeake Announcement of Audrey K. McClendon Retirement

PR Newswire

NEW YORK, Jan. 29, 2013

NEW YORK, Jan. 29, 2013 /PRNewswire/ --Chesapeake Energy Corporation today
announced the retirement of Aubrey K. McClendon, its Co-Founder, Chief
Executive Officer and President.

In response to press inquiries regarding the announcement, Carl C. Icahn
stated as follows:

Aubrey has every right to be proud of the company he has built, the world
class team of people at Chesapeake and the collection of assets he has
assembled, which in my opinion, are the best portfolio of energy assets in the
country. While it is known that some of these assets will be sold by the
company in due course, I do not believe that this will in any way effect the
ultimate realization of Chesapeake's potential.

I am confident that history will prove that Aubrey has been correct about the
value of natural gas in general and the value of Chesapeake in particular.



SOURCE Carl C. Icahn

Contact: Susan Gordon, +1-212-702-4309
 
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