Energy XXI (Bermuda) Limited Completes 7.50% Senior Notes Exchange Offer

| Source: Energy XXI

HOUSTON, May 23, 2014 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (the "Company"), the operating subsidiary of Energy XXI (Bermuda) Limited ("Energy XXI") (Nasdaq:EXXI) (AIM:EXXI), today announced that it has completed the exchange offer relating to its 7.50% Senior Notes due 2021 (the "Notes"). The Company's offer to exchange up to $500,000,000 aggregate principal amount of the Notes that were not registered under the Securities Act of 1933, as amended (the "Securities Act"), for an equal principal amount of the Notes that have been registered under the Securities Act, expired at 5:00 p.m., New York City time, on May 23, 2014. The Company received and accepted tenders of 100% of the Notes that were outstanding.


Energy XXI
Stewart Lawrence
Vice President, Investor Relations and Communications

Greg Smith
Director, Investor Relations

Cantor Fitzgerald Europe
Nominated Adviser: David Porter, Rick Thompson
Corporate Broking: Richard Redmayne
Tel: +44 (0) 20 7894 000

Pelham Bell Pottinger
James Henderson
Mark Antelme
+44 (0) 20 7861 3232