Icahn Enterprises Announces Closing of Depositary Unit Offering

Icahn Enterprises Announces Closing of Depositary Unit Offering

NEW YORK, June 17, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. ("Icahn
Enterprises") (Nasdaq:IEP) today announced the closing of its previously
announced registered public offering of 1.6 million depositary units
representing limited partner interests in Icahn Enterprises. Icahn Enterprises
received total net proceeds of approximately $117.1 million, before deducting
estimated offering expenses. Icahn Enterprises also granted the underwriters
an option for 30 days to purchase up to an additional 240,000 depositary
units. The proceeds from the offering will be used solely to effect the
recapitalization of Icahn Enterprises' subsidiary Federal-Mogul Corporation
("Federal-Mogul"), which may include the purchase of Icahn Enterprises' pro
rata share of the common stock to be issued by Federal-Mogul pursuant to its
rights offering launched on June 7, 2013, if consummated, or any other use of
capital that results in the proceeds of the offering being used to
recapitalize Federal-Mogul.

Credit Suisse, UBS Investment Bank and Jefferies are acting as the joint
book-running managers for the offering. Citigroup, Keefe, Bruyette & Woods, a
Stifel Company, Oppenheimer & Co., Wunderlich Securities and KeyBanc Capital
Markets are acting as the co-managers for the offering.

A registration statement related to the securities was declared effective by
the Securities and Exchange Commission. The offering was made only by means of
a prospectus supplement and the accompanying prospectus, copies of which may
be obtained from the Securities and Exchange Commission's website at
http://www.sec.gov or by contacting:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, New York 10010
Tel: +1 (800) 221-1037
Email: newyork.prospectus@credit-suisse.com

UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue, New York, New York 10171
Telephone: (888) 827-7275

Jefferies LLC
Attn: Equity Syndicate Prospectus Department
520 Madison Avenue, 12^th Floor
New York, New York 10022
Tel: +1 (877) 547-6340
Email: prospectus_department@jefferies.com

About Icahn Enterprises L.P.

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

CONTACT: Investor Contact:
        
         SungHwan Cho
         Chief Financial Officer
         (212) 702-4300
 
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