Cenovus Energy Extends Expiration Date for Exchange Offer
Involves 4.50% Senior Notes due 2014, 5.70% Senior Notes due 2019 and
6.75% Senior Notes due 2039
CALGARY, Alberta (June 29, 2010) – Cenovus Energy Inc. (TSX, NYSE: CVE) announced today
that it has extended the expiration date for its note exchange offer. The offer was scheduled to
expire at 5:00 p.m. ET on Monday, June 28, 2010. Cenovus has extended the offer to 5:00 p.m. ET
on Wednesday, June 30, 2010, unless further extended.
All other terms, provisions and conditions of the note exchange offer will remain in full force and
effect. On May 28, 2010, Cenovus commenced its exchange offer to exchange up to US$800
million aggregate principal amount of its 4.50% Senior Notes due 2014, up to US$1.3 billion
aggregate principal amount of its 5.70% Senior Notes due 2019 and up to US$1.4 billion
aggregate principal amount of its 6.75% Senior Notes due 2039 registered under the Securities
Act of 1933, as amended, for any and all of its outstanding 4.50% notes, 5.70% notes and 6.75%
notes, which were issued on September 18, 2009, in a transaction exempt from registration under
the Securities Act.
As of 5:00 p.m. ET on June 28, 2010, approximately US$799,885,000 aggregate principal amount
of the outstanding 4.50% notes, US$1,299,470,000 aggregate principal amount of the outstanding
5.70% notes and US$1.4 billion aggregate principal amount of the outstanding 6.75% notes had
been tendered for exchange.
A Form F-10 registration statement filed by Cenovus with the U.S. Securities and Exchange
Commission (SEC) regarding the exchange offer was declared effective by the SEC on May 26,
2010. The expiration date for the exchange offer is being extended to provide time for remaining
outstanding 4.50% notes and 5.70% notes to be exchanged.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any
security and shall not constitute an offer, solicitation or sale of