Icahn Enterprises Announces Receipt of Special Dividend From CVR Energy Subsidiary and Increases Annual Distribution Policy to

Icahn Enterprises Announces Receipt of Special Dividend From CVR Energy
Subsidiary and Increases Annual Distribution Policy to $5.00 per Depositary
Unit

NEW YORK, May 29, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (Nasdaq:IEP)
today announced that the Board of Directors of its general partner has
increased its annual distribution policy from $4.00 per depositary unit to
$5.00 per depositary unit, payable in either cash or additional depositary
units, at the election of each depositary unit holder. The new distribution
policy takes effect in the third quarter of 2013.Carl C. Icahn, the owner of
approximately 99 million Icahn Enterprises units, stated that he will elect to
receive the increase in additional depositary units for the foreseeable
future.As a result, cash requirements for the increased dividend are not
expected to be material.

On May 28, 2013, the Board of Directors of CVR Energy declared a special
dividend of $6.50 per share payable on June 10, 2013.As the owner of
approximately 82% of CVR Energy's common stock, Icahn Enterprises will receive
$462.8 million upon payment of the special dividend, bringing cumulative
dividends from CVR Energy to $907.8 million since the beginning of 2013.

Carl C. Icahn, Chairman of Icahn Enterprises, stated, "I am very pleased with
Icahn Enterprises' results so far this year.We are committed to providing
value to our shareholders and, at the same time, maintaining a strong and
flexible balance sheet."

Icahn Enterprises L.P., a master limited partnership, is a diversified holding
company engaged in nine primary business segments: Investment, Automotive,
Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion.

Caution Concerning Forward-Looking Statements

Results for any interim period are not necessarily indicative of results for
any full fiscal period. This release contains certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, many of which are beyond our ability to control or predict.
Forward-looking statements may be identified by words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or
words of similar meaning and include, but are not limited to, statements about
the expected future business and financial performance of Icahn Enterprises
L.P. and its subsidiaries. Among these risks and uncertainties are risks
related to economic downturns, substantial competition and rising operating
costs; risks related to our investment activities, including the nature of the
investments made by the private funds in which we invest, losses in the
private funds and loss of key employees; risks related to our automotive
activities, including exposure to adverse conditions in the automotive
industry, and risks related to operations in foreign countries; risks related
to our energy business, including the volatility and availability of crude
oil, other feed stocks and refined products, unfavorable refining margin
(crack spread), interrupted access to pipelines, significant fluctuations in
nitrogen fertilizer demand in the agricultural industry and seasonality of
results; risk related to our gaming operations, including reductions in
discretionary spending due to a downturn in the local, regional or national
economy, intense competition in the gaming industry from present and emerging
internet online markets and extensive regulation; risks related to our railcar
activities, including reliance upon a small number of customers that represent
a large percentage of revenues and backlog, the health of and prospects for
the overall railcar industry and the cyclical nature of the railcar
manufacturing business; risks related to our food packaging activities,
including competition from better capitalized competitors, inability of its
suppliers to timely deliver raw materials, and the failure to effectively
respond to industry changes in casings technology; risks related to our scrap
metals activities, including potential environmental exposure; risks related
to our real estate activities, including the extent of any tenant bankruptcies
and insolvencies; risks related to our home fashion operations, including
changes in the availability and price of raw materials, and changes in
transportation costs and delivery times; and other risks and uncertainties
detailed from time to time in our filings with the Securities and Exchange
Commission. Past performance in our Investment segment is not necessarily
indicative of future performance. We undertake no obligation to publicly
update or review any forward-looking information, whether as a result of new
information, future developments or otherwise.

CONTACT: Investor Contacts:
         SungHwan Cho, Chief Financial Officer
         Peter Reck, Chief Accounting Officer
         (212) 702-4300
 
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