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TheStreet Open House

LINN Energy Announces Pricing Of LinnCo Initial Public Offering

HOUSTON, Oct. 11, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) ("LINN") announced today the pricing of the initial public offering of 30,250,000 common shares of LinnCo, LLC (Nasdaq:LNCO) ("LinnCo"), a wholly-owned subsidiary of LINN, at $36.50 per common share. The common shares are expected to begin trading on the NASDAQ Global Select Market on October 12, 2012 under the ticker symbol "LNCO." The underwriters have the option to purchase up to an additional 4,537,500 common shares from LinnCo, at the same price, to cover over-allotments, if any. The offering is expected to close on or about October 17, 2012, subject to customary closing conditions.

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

This offering of common shares is being 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.prospectus requests@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, and has been declared effective by the SEC. 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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