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LINN Energy, LLC (Nasdaq:LINE) announced today the pricing of its public offering of 16,000,000 of its units representing limited liability company interests at a price to the public of $11.79 per unit. The underwriters have a 30-day option to purchase up to an additional 2,400,000 units from the Company at the public offering price less the underwriting discount. The offering is expected to settle and close on May 22, 2015, subject to customary closing conditions.

The Company expects to receive net proceeds from the offering of approximately $181 million (or approximately $208 million if the underwriters exercise their option to purchase additional units in full). Net proceeds from the offering are expected to be used to repay debt under LINN Energy’s Credit Facility, which debt was primarily incurred to fund the open market repurchases of LINN and Berry’s senior notes.

Raymond James & Associates, Inc., BofA Merrill Lynch, Barclays Capital Inc., Citigroup, Credit Suisse, J.P. Morgan, Morgan Stanley & Co. LLC and RBC Capital Markets acted as joint book-running managers for the offering. A copy of the prospectus and the related prospectus supplement relating to the offering may be obtained from:

Raymond James & Associates, Inc.
Attn: Equity Syndicate
880 Carillon Parkway
St. Petersburg, FL 33716
Phone: (800) 248-8863
Email: prospectus@raymondjames.com

BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attn: Prospectus Department
Phone: (866) 500-5408
Email: dg.prospectus_requests@baml.com

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (888) 603-5847
Email: Barclaysprospectus@broadridge.com

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (800) 831-9146
Email: prospectus@citi.com

Credit Suisse
Attn: Prospectus Department
One Madison Avenue
New York, New York 10010
Phone: (800) 221-1037
Email: newyork.prospectus@credit-suisse.com

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Attn: Prospectus Department
Phone: (866) 803-9204

Morgan Stanley & Co. LLC
180 Varick Street, 2nd Floor
New York, NY 10014
Attn: Prospectus Department

RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey St., 8th Floor
New York, NY 10281
Phone: (877) 822-4089
Email: equityprospectus@rbccm.com

This press release does not constitute an offer to sell or a solicitation of an offer to buy units or any other securities, 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 of these securities may be made only by means of a prospectus supplement and related base prospectus.

ABOUT LINN ENERGY

LINN Energy’s mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-20 U.S. independent oil and natural gas development company, with approximately 7.3 Tcfe of proved reserves in producing U.S. basins as of December 31, 2014.