Penn Virginia Corporation Declares Dividend On Preferred Depositary Shares

The Board of Directors of Penn Virginia Corporation (NYSE: PVA) has declared a regular quarterly cash dividend of $146.67 per share on its 6.00 percent Series A convertible preferred stock. As a result, on January 15, 2013, a dividend of $1.4667 per depositary share, each representing a 1/100 th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on January 1, 2013.

This dividend reflects the pro rata portion of the PVA’s regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock ($1.50 per depositary share), representing the period from October 17, 2012 (the original issue date) through January 14, 2013.

Penn Virginia Corporation (NYSE: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of natural gas and oil in various domestic onshore regions including Texas, Oklahoma, Mississippi and Pennsylvania. For more information, please visit our website at .

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