Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

  Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock

Business Wire

OKLAHOMA CITY -- March 11, 2014

Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of
Directors has declared a $0.0875 per share quarterly dividend that will be
paid on April 30, 2014 to common shareholders of record on April 14, 2014. In
addition, Chesapeake’s Board has declared dividends on its outstanding
convertible preferred stock issues, as stated below.

                  4.50%        5% (2005B)    5.75%        5.75%
                                                                   (Series A)
NYSE Symbol        CHK Pr D     N/A           N/A          N/A
Date of Original   September    November 8,   May 17,      May 17,
Issue                14, 2005       2005            2010           2010
Registered CUSIP   165167842    165167826     N/A          N/A
144A CUSIP         N/A          165167834     165167776    165167784
RegS CUSIP         N/A          N/A           U16450204    U16450113
Clean (no          N/A          N/A           165167768    165167750
legends) CUSIP
Par Value per      $0.01        $0.01         $0.01        $0.01
Shares             2,558,900    2,095,615     1,497,000    1,100,000
Preference per     $100         $100          $1,000       $1,000
Record Date        June 2,      May 1, 2014   May 1,       May 1, 2014
                     2014                           2014
Payment Date       June 16,     May 15,       May 15,      May 15,
                     2014           2014            2014           2014
Amount per Share   $1.125       $1.25         $14.375      $14.375

Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of
natural gas and the 10th largest producer of oil and natural gas liquids in
the U.S. Headquartered in Oklahoma City, the company's operations are focused
on discovering and developing its large and geographically diverse resource
base of unconventional natural gas and oil assets onshore in the U.S. The
company also owns substantial marketing, compression and oilfield services
businesses. Further information is available at where Chesapeake
routinely posts announcements, updates, events, investor information,
presentations and news releases.


Chesapeake Energy Corporation
Investor Contact:
Gary T. Clark, CFA, 405-935-8870
Media Contact:
Gordon Pennoyer, 405-935-8878
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