Encana Announces Receipt of Requisite Consents and Extension of Consent Payment Deadline for 5.80% Notes Due 2014

Encana Announces Receipt of Requisite Consents and Extension of Consent Payment 
Deadline for 5.80% Notes Due 2014 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Encana Corporation 
TSX SYMBOL:  ECA
NYSE SYMBOL:  ECA 
MARCH 13, 2014 
Encana Announces Receipt of Requisite Consents and Extension of Consent Payment
Deadline for 5.80% Notes Due 2014 
CALGARY, ALBERTA--(Marketwired - March 13, 2014) - Encana Corporation
(TSX:ECA)(NYSE:ECA) announced that its wholly-owned subsidiary, Encana
Acquisition ULC (the "Purchaser") has received the required consents
to approve the proposed amendments to the indenture under which the 5.80% Notes
due May 1, 2014 (CUSIP / ISIN Numbers 292506AA0 / US292506AA00) (the
"Notes") issued by Encana Holdings Finance Corp. (the
"Issuer") were issued. The Purchaser has also extended the consent
payment deadline to 10:00 a.m., New York City time, on March 28, 2014 (the
"Extended Consent Payment Deadline"). 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 have been sent to holders of the Notes.
Under the terms of the tender offer and consent solicitation, holders who have
previously tendered their Notes can no longer validly withdraw those Notes from
the tender offer.  
Based on information provided by the Tender Agent and Information Agent for the
tender offer and consent solicitation, holders of an aggregate principal amount
of approximately US$764 million, being approximately 76% of the aggregate
principal amount of the Notes outstanding, provided consents. The consents
received exceed the amount required to approve the proposed amendments to the
indenture under which the Notes were issued. The Issuer, Encana Corporation, as
guarantor, and Deutsche Bank Trust Company Americas, the trustee under the
indenture governing the Notes, intend to execute a supplemental indenture
containing the proposed amendments promptly following the acceptance for
purchase of a majority in aggregate principal amount of the outstanding Notes
pursuant to the terms of the tender offer and consent solicitation, which is
expected to be on or about March 31, 2014 (the "Settlement Date").
The supplemental indenture will thereafter be binding on all holders of the
Notes, including holders whose Notes were not purchased in the tender offer.  
Holders who validly tender their Notes at or prior to the Extended Consent
Payment Deadline, and whose Notes are accepted for purchase, will receive a
consent payment equal to US$2.50 per US$1,000 principal amount of Notes in
addition to the tender offer consideration of 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 The tender offer for the Notes will expire at 10:00 a.m. New York City
time, on March 28, 2014 unless extended by the Purchaser.  
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 or to extend the consent payment deadline or
expiry date. If any condition of the tender offer and consent solicitation is
not satisfied, the Purchaser reserves the right to withdraw the tender offer
and consent solicitation 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 Statement, 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: 
Encana Corporation - Investor contact
Lorna Klose
Manager, Investor Relations
(403) 645-6977
or
Encana Corporation
Patti Posadowski
Advisor, Investor Relations
(403) 645-2252
or
Encana Corporation - Media contact
Jay Averill
Media Relations
(403) 645-4747
or
Encana Corporation
Brian Dutton
Advisor, Investor Relations
(403) 645-2285
www.encana.com 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  FNC 
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-0- Mar/13/2014 22:34 GMT
 
 
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