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LINN Energy Announces Launching Of LinnCo Initial Public Offering

HOUSTON, Oct. 2, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) ("LINN") announced today that LinnCo, LLC (Nasdaq:LNCO) ("LinnCo"), a wholly-owned subsidiary of LINN, has commenced an initial public offering of 30,250,000 common shares representing limited liability company interests in LinnCo pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission ("SEC"). The underwriters will be granted a 30-day option to purchase an additional 4,537,500 common shares. The common shares have been approved for listing on the NASDAQ Global Select Market and subject to official notice of issuance will trade under the symbol "LNCO".

Barclays, Citigroup, RBC Capital Markets, Wells Fargo Securities, BofA Merrill Lynch, Credit Suisse, Raymond James and UBS Investment Bank will act as the joint book-running managers in the transaction. Goldman, Sachs & Co., and J.P. Morgan, will act as senior co-managers in the transaction. Baird, BMO Capital Markets, Credit Agricole CIB, CIBC, Scotiabank / Howard Weil and Mitsubishi UFJ Securities will act as the co-managers in the transaction.

This offering of common shares will be made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
Barclays Citigroup
c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions
1155 Long Island Avenue 1155 Long Island Avenue 
Edgewood, NY 11717  Edgewood, NY 11717
(888) 603-5847 (800) 831-9146
barclaysprospectus@broadridge.com  batprospectusdept@citi.com 
   
RBC Capital Markets Wells Fargo Securities
Attn: Equity Syndicate Attn: Equity Syndicate Dept.
Three World Financial Center 375 Park Avenue
200 Vesey Street, 8th Floor New York, NY 10152
New York, NY 10281-8098 (800) 326-5897
(877) 822-4089 cmclientsupport@wellsfargo.com 
   
BofA Merrill Lynch  Credit Suisse 
Attn: Prospectus Department  Attn: Prospectus Department
222 Broadway, 7 th Floor  One Madison Avenue, 1B
New York, NY 10038  New York, NY 10010
dg.prospectusrequests@baml.com  (800) 221-1037
   
Raymond James  UBS Investment Bank
Attn: Equity Syndicate Attn: Prospectus Department
880 Carillon Parkway 299 Park Avenue
St. Petersburg, FL 33716 New York, NY 10171
(800) 248-8863 (888) 827-7275

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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