Encana Announces Tender Offer and Consent Solicitation for 5.80% Notes Due 2014

Encana Announces Tender Offer and Consent Solicitation for 5.80% Notes Due 2014 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Encana Corporation 
TSX SYMBOL:  ECA
NYSE SYMBOL:  ECA 
FEBRUARY 28, 2014 
Encana Announces Tender Offer and Consent Solicitation for 5.80% Notes Due 2014 
CALGARY, ALBERTA--(Marketwired - Feb. 28, 2014) - Encana Corporation
(TSX:ECA)(NYSE:ECA) announced that its wholly-owned subsidiary, Encana
Acquisition ULC (the "Purchaser"), has commenced a cash tender offer
for any and all of the outstanding US$1 billion 5.80% Notes due May 1, 2014
(CUSIP / ISIN Numbers 292506AA0 / US292506AA00) (the "Notes") issued
by Encana Holdings Finance Corp. (the "Issuer"). In conjunction with
the tender offer, the Purchaser is soliciting consents to certain proposed
amendments in the indenture under which the Notes were issued. The complete
terms and conditions of the tender offer and consent solicitation are set forth
in the Offer to Purchase and Solicitation of Consents (the "Tender Offer
and Consent Solicitation Statement"), dated February 28, 2014, and the
related Letter of Transmittal and Consent which are being sent to holders of
the Notes. Holders of the Notes are urged to read and carefully consider the
information contained in the Tender Offer and Consent Solicitation and Letter
of Transmittal and Consent. 
The tender offer expires at 10:00 a.m., New York City time, on March 28, 2014
unless extended by the Purchaser. As described in the Tender Offer and Consent
Solicitation Statement, the Purchaser will pay US$1,004.59 for each US$1,000
principal amount of the Notes plus accrued and unpaid interest on the tendered
Notes from the last interest payment date to, but not including, the settlement
date expected to be on or about March 31, 2014. In addition, holders who
validly tender, and do not validly withdraw their Notes at or prior to 5:00
p.m., New York City time on March 13, 2014, and whose Notes are accepted for
purchase, will receive a consent payment equal to US$2.50 per US$1,000
principal amount.  
The Issuer expects to redeem any and all of the Notes not tendered by issuing a
notice of redemption as soon as practically possible after the tender offer
expires. 
The Purchaser reserves the right to waive any and all conditions of the Tender
Offer and Consent Solicitation Statement or to extend the consent payment
deadline or expiry date. If any condition of the Tender Offer and Consent
Solicitation Statement is not satisfied, the Purchases reserves the right to
withdraw the Tender Offer and Consent Solicitation Statement and not accept any
Notes for purchase, or to amend the terms of the Tender Offer and Consent
Solicitation.  
Barclays Capital Inc. is acting as the Dealer Manager and D.F. King & Co.,
is acting as the Tender Agent and Information Agent for the transaction.
Questions concerning the terms of the Tender Offer and Consent Solicitation
Statement should be directed to Barclays Capital Inc. at (800) 438-3242 (toll
free) or (212) 528-7581 (collect). Requests for assistance in completing the
Letter of Transmittal and Consent or requests for additional copies of the
Tender Offer and Consent Solicitation, the Letter of Transmittal and Consent or
other related documents may be directed to D.F. King at (888) 644-6071 (toll
free) or (212) 269-5550 (banks and brokers). 
Advisory: This news release is for informational purposes only and does not
constitute an offer to purchase or the solicitation of an offer to sell the
Notes or any other security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which, or to any persons to whom, such offering,
solicitation or sale would be unlawful. No recommendation is made as to whether
holders of the Notes should tender their Notes or give their consent. The
tender offer and consent solicitation is being made solely pursuant to the
Tender Offer and Consent Solicitation Statement dated February 28, 2014 and the
related Letter of Transmittal and Consent. 
Encana Corporation 
Encana Corporation ("Encana") is a leading North American energy
producer that is focused on developing its strong portfolio of resource plays,
held directly and indirectly through its subsidiaries, producing natural gas,
oil and natural gas liquids (NGLs). By partnering with employees, community
organizations and other businesses, Encana contributes to the strength and
sustainability of the communities where it operates. Encana common shares trade
on the Toronto and New York stock exchanges under the symbol ECA. 
SOURCE: Encana Corporation 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Contact:
Lorna Klose
Manager, Investor Relations
(403) 645-6977
or
Patti Posadowski
Advisor, Investor Relations
(403) 645-2252
or
Brian Dutton
Advisor, Investor Relations
(403) 645-2285
or
Media Contact:
Jay Averill
Media Relations
(403) 645-4747
www.encana.com 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  STK 
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-0- Feb/28/2014 11:00 GMT
 
 
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