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 
CALGARY, ALBERTA -- (Marketwired) -- 02/28/14 -- 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
Contacts:
Investor Contact:
Lorna Klose
Manager, Investor Relations
(403) 645-6977 
Patti Posadowski
Advisor, Investor Relations
(403) 645-2252 
Brian Dutton
Advisor, Investor Relations
(403) 645-2285 
Media Contact:
Jay Averill
Media Relations
(403) 645-4747
www.encana.com
 
 
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