Rice Energy Announces Pricing of Public Offering of Common Stock

CANONSBURG, Pa., Sept. 26, 2016 /PRNewswire/ — Rice Energy Inc. (NYSE: RICE) (“Rice Energy”) today announced the pricing of an underwritten public offering of 40,000,000 shares of its common stock at a price to the public of $25.50 per share of common stock. In connection with the offering, Rice Energy granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of its common stock. The offering is expected to close on September 30, 2016, subject to customary closing conditions.

Rice Energy intends to use the net proceeds from the offering to fund a portion of the previously announced acquisition of Vantage Energy, LLC and Vantage Energy II, LLC (the “Acquisition”). The offering is not conditioned on the consummation of the Acquisition, and if the Acquisition does not occur, the net proceeds will be used for general corporate purposes.

Barclays Capital Inc. and Wells Fargo Securities, LLC are acting as book-running managers of the offering. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from the offices of:

Advisories & Contact

Barclays Capital Inc. c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, New York, 11717
Email: Barclaysprospectus@broadridge.com
Telephone: 1 (888) 603-5847

Wells Fargo Securities, LLC
Attention: Equity Syndicate Department
375 Park Avenue
New York, New York, 10152
Email: cmclientsupport@wellsfargo.com
Telephone: 1 (800) 326-5897

These documents may also be obtained at no charge from the Securities and Exchange Commission’s (“SEC’s”) website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying prospectus, each of which is part of an effective shelf registration statement filed by Rice Energy with the SEC.

About Rice Energy

Rice Energy Inc. is an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin.

Forward Looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than historical facts included or incorporated herein that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as the completion, timing, size, proceeds and the use of proceeds of the proposed offering, are forward-looking statements. All forward-looking statements speak only as of the date of this release. Although we believe that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.

We caution you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. Furthermore, the proposed offering and the Acquisition may not be completed as described or at all. Information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our Forms 10-K, 10-Q and 8-K. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by us will be realized, or even if realized, that they will have the expected consequences to or effects on us, our business or operations. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

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SOURCE Rice Energy Inc.