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Pacific Coast Oil Trust Announces Pricing Of Public Offering Of Trust Units By Selling Unitholders

Pacific Coast Oil Trust (NYSE: ROYT) (the “Trust”) announced today the pricing of a public offering by Pacific Coast Energy Company LP (“PCEC”) and other selling unitholders (the “Selling Unitholders”) of 13,500,000 trust units at a price of $17.10 per unit. PCEC and the Selling Unitholders also granted the underwriters a 30-day option to purchase up to an additional 2,025,000 trust units of the Trust at the public offering price, less the underwriting discount. The offering is expected to close on September 24, 2013. The Trust will not sell any trust units in the offering and will not receive any proceeds from the offering. PCEC intends to use the net proceeds of $81 million that it receives from the sale of its trust units to pay down a portion of the outstanding borrowings under its senior secured credit facility and the remainder for general limited partnership purposes.

Morgan Stanley, Barclays, J.P. Morgan, Wells Fargo Securities, UBS Investment Bank, BofA Merrill Lynch and RBC Capital Markets will serve as joint book-running managers of this offering. Stifel, Baird, Oppenheimer & Co. and Janney Montgomery Scott will serve as co-managers.

The trust units will be sold pursuant to a prospectus supplement and accompanying prospectus as part of an effective shelf registration statement filed by the Trust with the Securities and Exchange Commission (the “SEC”). Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus for this offering may be obtained from the offices of:

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

Barclaysc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (888) 603-5847 barclaysprospectus@broadridge.com

J.P. MorganAttn: Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (866) 803-9204

Wells Fargo SecuritiesAttn: Equity Syndicate Department375 Park AvenueNew York, New York 10152Phone: (800) 316-5897 cmclientsupport@wellsfargo.com

UBS Investment BankAttn: Prospectus Department299 Park AvenueNew York, New York 10171Phone: (888) 827-7275

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