. CHESAPEAKE ENERGY C 5.37500 15/06/21, ISIN US165167CK12.

13.12.2016

, Π-ʻ Euroclear Bank N.A. , .

: ISIN :
(BIDS) US165167CK12 CHESAPEAKE ENERGY C5.37500 15/06/21 12.12.2016

--------------- EVENT DETAILS ------------------- UPDATE 12/12/2016: DEADLINE EXTENDED . THE FOLLOWING DEADLINES HAVE BEEN UPDATED: . EARLY INSTRUCTION DEADLINE TIME . INSTRUCTION WITHDRAWAL DEADLINE TIME . INSTRUCTIONS ALREADY SENT REMAIN VALID. . END OFUPDATE. .------------------------ INFORMATION SOURCE: INFORMATION AGENT: GLOBAL BONDHOLDER SERVICES CORPORATION 65BROADWAY, SUITE 404 NEW YORK, NEW YORK 10006 BANKS AND BROKERS CALL: (212) 430-3774 TOLLFREE: (866) 470-4200 EMAIL: CONTACT(AT)GBSC-USA.COM . GENERAL INFORMATION .-------------------- THE PURPOSE OFTHE TENDER OFFERS ISTOREDUCE THE PRINCIPAL AMOUNT OFOUTSTANDING DEBT SECURITIES OFTHE COMPANY HELDBY THE PUBLIC. ALLOF THE NOTES VALIDLY TENDERED AND ACCEPTED FOR PURCHASE INTHE TENDER OFFERS WILLBE RETIRED AND CANCELED. . 1. TENDER AND CONSENT: NOT APPLICABLE . 2. CONDITIONS AND RESTRICTIONS: CERTAIN RESTRICTIONS APPLY FOR THE FOLLOWING COUNTRIES: UNITED KINGDOM, CANADA, IRELAND, BELGIUM, FRANCE, ITALY, NEW ZEALAND, SWITZERLAND AND THE PEOPLES REPUBLICOF CHINA . ITHAS NOT BEEN DETERMINED WHETHER THESE RESTRICTIONS APPLY TO BENEFICIAL OWNERS OREUROCLEAR BANK CLIENTS. . THE OFFER ISSUBJECT TO, AMONG OTHER THINGS, THE FINANCING CONDITION . REFER TOTHE OFFER DOCUMENTATION FOR THE COMPLETE CONDITIONS AND RESTRICTIONS OFTHIS OFFER. . TIMETABLE .---------- . EARLY SETTLEMENT DATE: DETERMINED ATTHE COMPANYS OPTION, ASSUMING THE CONDITIONS TOTHE TENDER OFFERS HAVE BEEN EITHER SATISFIED ORWAIVED BYTHE COMPANY ATORPRIOR TOTHE EARLY SETTLEMENT DATE. . ENTITLEMENT .------------ 1. ACCRUED AND UNPAIDINTEREST: ACCRUED AND UNPAIDINTEREST WILL BEPAIDUP TO, BUT NOT INCLUDING, THE SETTLEMENT DATE . 2. MINIMUM AGGREGATE ACCEPTANCE AMOUNT: THE TENDER OFFER ISNOT CONDITIONAL ONAMINIMUM AGGREGATE AMOUNT OFSECURITIES BEING TENDERED. . 3. TENDER CAP: THE AGGREGATE MAXIMUM PURCHASE AMOUNT LIMITS THE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) FOR NOTES TOUSD 1,200,000,000. THE PRIORITY 2TENDER CAP AND THE PRIORITY 3TENDER CAP LIMIT THE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) FOR THE PRIORITY 2NOTES AND PRIORITY 3NOTES TOUSD 150,000,000EACH. THE LONG-DATED NOTES ARE SUBJECT TOTHE LONG-DATED TENDER CAP, WHICH PROHIBITS THE AGGREGATE PRINCIPAL AMOUNT OFSUCH NOTES ACCEPTED FOR PURCHASE ON ANY SETTLEMENT DATE FROM EXCEEDING THE AGGREGATE PRINCIPAL AMOUNT OF(I) THE PRIORITY 1NOTES ACCEPTED FOR PURCHASE UNDER THE TENDER OFFERS AND (II) OTHER NOTES ACCEPTED FOR PURCHASE INTHE CONCURRENT TENDER OFFERS . 4.PRORATION: IFTHE TENDER CAP ISEXCEEDED, INSTRUCTIONS TO TENDER WILLBE ACCEPTED INACCORDANCE WITH THEIR ACCEPTANCE PRIORITY LEVELS SET ONTHE DOCUMENTATION (WITH 1BEING THE HIGHEST ACCEPTANCE PRIORITY LEVEL AND 3BEING THE LOWEST ACCEPTANCE PRIORITY LEVEL). . ALLNOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE HAVING AHIGHER ACCEPTANCE PRIORITY LEVEL WILLBE ACCEPTED FOR PURCHASE BEFORE ANY NOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE HAVING ALOWER ACCEPTANCE PRIORITY LEVEL ARE ACCEPTED FOR PURCHASE, AND ALLNOTES VALIDLY TENDERED AFTER THE EARLY TENDER DATE HAVING AHIGHER ACCEPTANCE PRIORITY LEVEL WILL BEACCEPTED FOR PURCHASE BEFORE ANY NOTES VALIDLY TENDERED AFTER THE EARLY TENDER DATE HAVING ALOWER ACCEPTANCE PRIORITY LEVEL ARE ACCEPTED FOR PURCHASE. HOWEVER, EVEN IFTHE TENDER OFFERS ARE NOT FULLY SUBSCRIBED ASOFTHE EARLY TENDER DATE, SUBJECT TOTHE AGGREGATE MAXIMUM PURCHASE AMOUNT AND THE TENDER CAPS, NOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE WILLBE ACCEPTED FOR PURCHASE BEFORE ANY NOTES VALIDLY TENDERED AFTER THE EARLY TENDER DATE ARE ACCEPTED FOR PURCHASE, EVEN IFSUCH NOTES VALIDLY TENDERED AFTER THE EARLY TENDER DATE HAVE A HIGHER ACCEPTANCE PRIORITY LEVEL THAN NOTES VALIDLY TENDERED AT ORPRIOR TOTHE EARLY TENDER DATE. . THEREFORE, IFTHE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) OFNOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE EQUALS OREXCEEDS THE AGGREGATE MAXIMUM PURCHASE AMOUNT, THE COMPANY WILLNOT ACCEPT FOR PURCHASE ANY NOTES TENDERED AFTER THE EARLY TENDER DATE, AND IFTHE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) OFPRIORITY 2 NOTES, PRIORITY 3NOTES ORLONG-DATED NOTES VALIDLY TENDERED AT ORPRIOR TOTHE EARLY TENDER DATE . IFTHE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) OFTHE NOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE HAVING ACERTAIN ACCEPTANCE PRIORITY LEVEL, TOGETHER WITH THE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) OF THE NOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE HAVING AHIGHER ACCEPTANCE PRIORITY LEVEL, ISGREATER THAN THE AGGREGATE MAXIMUM PURCHASE AMOUNT, NOTES VALIDLY TENDERED ATOR PRIOR TOTHE EARLY TENDER DATE HAVING SUCH ACCEPTANCE PRIORITY LEVEL WILLBE ACCEPTED FOR PURCHASE ONAPRO RATA BASIS, BASED ON THE AGGREGATE PRINCIPAL AMOUNT OFNOTES VALIDLY TENDERED ATOR PRIOR TOTHE EARLY TENDER DATE HAVING SUCH ACCEPTANCE PRIORITY LEVEL (TREATING ALLNOTES HAVING SUCH ACCEPTANCE PRIORITY LEVEL EQUALLY ASTHOUGH THEY ARE ASINGLE SERIES). . IFTHE AGGREGATE PURCHASE PRICE (EXCLUSIVE OFACCRUED INTEREST) OFPRIORITY 2NOTES, PRIORITY 3NOTES ORLONG-DATED NOTES VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE EXCEEDS THE PRIORITY 2TENDER CAP, THE PRIORITY 3TENDER CAP ORTHE LONG-DATED TENDER CAP, RESPECTIVELY, THEN PRIORITY 2NOTES, PRIORITY 3NOTES ORLONG-DATED NOTES, ASAPPLICABLE, VALIDLY TENDERED ATORPRIOR TOTHE EARLY TENDER DATE WILLBE ACCEPTED FOR PURCHASE ONAPRO RATA BASIS, BASED ONTHE AGGREGATE PRINCIPAL AMOUNT OFPRIORITY 2NOTES, PRIORITY 3NOTES OR LONG-DATED NOTES, ASAPPLICABLE, VALIDLY TENDERED ATORPRIOR TO THE EARLY TENDER DATE (TREATING ALLPRIORITY 2NOTES, PRIORITY 3 NOTES AND LONG-DATED NOTES, ASAPPLICABLE, EQUALLY ASTHOUGH THEY ARE ASINGLE SERIES). . 5. POOLFACTOR: NOT APPLICABLE . . THIS CORPORATE ACTION NOTIFICATION DOES NOT CONSTITUTE ANOFFER TOSELLOR THE SOLICITATION OFANOFFER TOBUY ANY SECURITIES BY ANYONE INANY JURISDICTION. ITISNOT, AND SHOULDNOT BECONSTRUED ORTREATED AS, INVESTMENT ORFINANCIAL ADVICE. INPROVIDING THIS INFORMATION, EUROCLEAR BANK ISNOT ACTING ASAGENT OFTHE ISSUER. BYSENDING ANINSTRUCTION TOEUROCLEAR BANK, YOU CONFIRM THAT YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) COMPLY WITH THE TERMS AND CONDITIONS OFTHE CORPORATE EVENT AND COMPLY WITH APPLICABLE LOCAL LAWS ORREQUIREMENTS, INCLUDING BUT NOT LIMITED TOHOLDING AND TRANSFER RESTRICTIONS. IFHOLDING AND TRANSFER RESTRICTIONS WOULDPROHIBIT YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) TOHOLDTHE PROCEEDS OFA CORPORATE EVENT INYOUR ACCOUNT INEUROCLEAR BANK, YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) MUST ENSURE TOSEND AN INSTRUCTION TOALLOW THE TRANSFER OFTHESE PROCEEDS TOANACCOUNT OUTSIDE THE EUROCLEAR SYSTEM. .

: Π-ʻ , Euroclear Bank N.A.