Investors will be able to obtain free copies of the Registration Statement and joint proxy
statement/prospectus, as each may be amended from time to time, and other relevant documents filed by Carrizo and Callon with the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed
with the SEC by Carrizo will be available free of charge from Carrizos website at https://www.carrizo.com or by contacting Carrizos Investor Relations Department at
713-328-1055.
Copies of documents filed with the SEC by Callon will be available free of charge from Callons website at https://www.callon.com or by contacting
Callons Investor Relations Department
at 281-589-5200.
Participants in the Proxy Solicitation
Carrizo, Callon and their respective directors and certain of their executive officers and other members of management and employees may be deemed, under
SEC rules, to be participants in the solicitation of proxies from Carrizos and Callons shareholders in connection with the proposed transaction. Information regarding the executive officers and directors of Carrizo is included in its
definitive proxy statement for its 2019 annual meeting filed with the SEC on April 2, 2019. Information regarding the executive officers and directors of Callon is included in its definitive proxy statement for its 2019 annual meeting filed
with the SEC on March 27, 2019. Additional information regarding the persons who may be deemed participants and their direct and indirect interests, by security holdings or otherwise, will be set forth in the Registration Statement and joint
proxy statement/prospectus and other materials when they are filed with the SEC in connection with the proposed transaction. Free copies of these documents may be obtained as described in the paragraphs above.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this communication concerning the proposed business combination between Carrizo and Callon, including any statements regarding the
expected timetable for completing the proposed transaction, the results, effects, benefits and synergies of the proposed transaction, future opportunities for the combined company, future financial performance and condition, capital expenditure,
production and other guidance, anticipated production and production growth, enhancements to shareholder value, returns on capital, future project development, free cash flow growth and improved free cash flow break-even levels, future supply costs,
opportunity to capitalize on technical advances, improved capital efficiency, future capital allocation and capital expenditures, balanced cash conversion cycles, improved well uptime and incremental well reduction costs, reduction in operating cost
structure, benefits from a larger production base, monetization of water assets and any other statements regarding Carrizos or Callons future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or
performance, and statements related to capital requirements, expectations or projections, cost reductions, drilling, fracking and capital efficiencies, cycle times, growth within cash flow and goal of free cash flow generation, activity among
basins, goals, leverage metrics, capital expenditure, infrastructure program, resource potential, guidance, results of tests, rig program, production, average well returns, estimated production results and financial performance, effects of
transactions, targeted ratios and other metrics, timing, levels of and potential production, expectations regarding growth, oil and gas prices, drilling and completion activities and optimization, benefits of certain well completion designs, well
spacing, landing zone optimization, drilling techniques, including
multi-pad
and multi-zone drilling, completion and development techniques, drilling inventory, including timing thereof, well costs, break-even
prices, production mix, development plans, hedging activity, the Companys or managements intentions, beliefs, expectations, hopes, projections, assessment of risks, estimations, plans or predictions for the future, results of the
Companys strategies and other statements that are not historical facts are forward-looking statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of
historical facts. The words anticipate, believe, ensure, expect, if, intend, estimate, probable, project, forecasts,
predict, outlook, aim, will, could, should, would, potential, may, might, anticipate, likely
plan, positioned, strategy, and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. The forward-looking statements are intended to
be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.