Icahn Enterprises Announces Closing of $500 Million Senior Notes Offering

Icahn Enterprises Announces Closing of $500 Million Senior Notes Offering

NEW YORK, Aug. 1, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. ("Icahn
Enterprises") (Nasdaq:IEP), together with Icahn Enterprises Finance Corp.,
announced today that they have consummated their offering of $500 million in
aggregate principal amount of their 6.000% Senior Notes due 2020. The notes
were sold in a private offering to qualified institutional buyers as defined
in Rule 144A under the Securities Act of 1933, as amended (the "Securities
Act"), and non-U.S. persons outside the United States under Regulation S under
the Securities Act.

The proceeds from the offering will be used for general partnership purposes.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy any of the notes. The notes have not been registered under the
Securities Act or any state securities laws, and may not be offered or sold in
the United States absent registration under, or an applicable exemption from,
the registration requirements of the Securities Act and the applicable state
securities laws.

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.

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 funds we manage, losses in the 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 Contact:
         SungHwan Cho
         Chief Financial Officer
         (212) 702-4300
 
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