Forward-Looking Statements

All statements included in this release relating to future plans, projects, events or conditions and all other statements other than statements of historical fact included in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release relate to, among other things, the offering of the 2021 Notes and the expected use of proceeds from such offering. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions, including changes in long-term oil and gas prices and other market conditions affecting the oil and gas industry, reservoir performance, the outcome of commercial negotiations and changes in technical or operating conditions, among others, that could cause actual results, including project plans and related expenditures and resource recoveries, to differ materially from those described in the forward-looking statements. Neither Energy XXI nor the Company assumes any obligation and expressly disclaims any duty to update the information contained herein except as required by law.
CONTACT: ENQUIRIES OF THE COMPANY                  Energy XXI         Stewart Lawrence         Vice President, Investor Relations and Communications         713-351-3006         slawrence@energyxxi.com                  Greg Smith         Director, Investor Relations         713-351-3149         gsmith@energyxxi.com                           Cantor Fitzgerald Europe         Nominated Adviser: David Porter, Rick Thompson         Corporate Broking: Richard Redmayne         Tel: +44 (0) 20 7894 000                  Pelham Bell Pottinger         James Henderson         jhenderson@pelhambellpottinger.co.uk         Mark Antelme         mantelme@pelhambellpottinger.co.uk         +44 (0) 20 7861 3232

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