EDITOR: | December 13th, 2013

MEG Energy Announces Completion of Warburg Pincus $157 Million Secondary Offering

| December 13, 2013 | No Comments

December 13, 2013 (Source: CNW) — MEG Energy Corp. (TSX:MEG) (the “Company”) today announced the completion of the previously announced secondary offering of common shares held by one of its principal shareholders, WP Lexington Private Equity B.V. (“WP Lex”), an affiliate of Warburg Pincus LLC, pursuant to which WP Lex sold 5,000,000 common shares of the Company (the “Common Shares”) at a price of $31.40 per Common Share. The Company did not receive any proceeds from the offering.

The offering was conducted on an underwritten, bought deal public issue by BMO Capital Markets in all provinces and territories of Canada by way of a short form prospectus. The offering was also extended to Qualified Institutional Buyers in the United States, pursuant to the registration exemptions provided by Rule 144A of the U.S. Securities Act of 1933.

Notice to Readers

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and other applicable securities laws.

About the Company

MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. The Company’s common shares are listed on the Toronto Stock Exchange under the symbol “MEG”.

SOURCE MEG Energy Corp.



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