ICAHN STATEMENT ON CHESAPEAKE CEO RETIREMENT

     (The following press release from the Office of Carl Icahn was received by 
e-mail and was reformatted. The sender verified the statement.) 
FOR IMMEDIATE RELEASE 
Icahn Responds to Chesapeake Announcement of Audrey K. 
McClendon Retirement 
New York, New York, January 29, 2013:   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. 
Contact: Susan Gordon (212) 702-4309 
(kgt)NY 
 
 
Press spacebar to pause and continue. Press esc to stop.