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Vanguard Natural Resources Announces Public Offering Of Common Units

Stocks in this article: VNR

Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) today announced that it has commenced a public offering of 8,000,000 common units representing limited liability company interests in the Company, pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on January 18, 2012. The Company will grant the underwriters a 30-day option to purchase up to an additional 1,200,000 common units. The Company intends to use the net proceeds from the offering to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility, which was incurred in part to fund recent acquisitions.

UBS Investment Bank, BofA Merrill Lynch, Barclays, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets will act as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from:

UBS Investment BankAttention: Prospectus Dept.299 Park AvenueNew York, NY 10171Phone: (888) 827-7275

BofA Merrill Lynch222 BroadwayNew York, NY 10038Attention: Prospectus DepartmentEmail: dg.prospectus_requests@baml.com

Barclaysc/o Broadridge Financial Solutions1155 Long Island Ave.Edgewood, NY 11717Email: barclaysprospectus@broadridge.comPhone: (888) 603-5847

Wells Fargo SecuritiesAttention: Equity Syndicate Department375 Park AvenueNew York, NY 10152Phone: (800) 326-5897Email: cmclientsupport@wellsfargo.com

Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (800) 831-9146Email: batprospectsdept@citi.com

Deutsche Bank SecuritiesAttention: Prospectus Group60 Wall StreetNew York, NY 10005Phone: (800) 503-4611Email: prospectus.cpdg@db.com

J.P. Morganc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (866) 803-9204

Morgan StanleyAttention: Prospectus Department180 Varick Street, 2nd FloorNew York, NY 10014Phone: (866) 718-1649Email: prospectus@morganstanley.com

RBC Capital MarketsThree World Financial Center200 Vesey Street, 10th FloorNew York, NY 10281-8098Email: CM-USA-Prospectus@rbc.com

The shelf registration statement relating to these securities has previously been filed with the Securities and Exchange Commission (the “SEC”) and automatically deemed effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy common units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus.

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