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The Board of Directors of Penn Virginia Corporation (PVA) has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on April 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on April 1, 2015.

In addition, the Board of Directors of PVA has declared a cash dividend of $150.00 per share on its 6.00 percent Series B convertible preferred stock. As a result, on April 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series B convertible preferred stock, will be paid to holders of record at the close of business on April 1, 2015.

Penn Virginia Corporation (PVA) is an independent oil and gas company engaged in the exploration, development and production of oil, natural gas liquids and natural gas in various domestic onshore regions of the United States, with a primary focus in the Eagle Ford Shale in south Texas. For more information, please visit our website at www.pennvirginia.com.