TIDMEXXI

RNS Number : 0200L

Energy XXI (Bermuda) Limited

01 July 2014

Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")

Issue of Shares, Total Voting Rights and Director Shareholding

Further to the announcements of 12 December 2013, and 27 June 2014, Energy XXI announces that it has issued 47,606 common shares of US$0.005 each ("Shares") as a result of employee purchases under its employee stock purchase plan (ESPP). The Company has made application for the 47,606 Shares to be admitted to trading on AIM, which is expected to become effective on or around 8 July 2014.

As a result of the above, the Company's Chairman and Chief Executive Officer, John D. Schiller, Jr., has acquired 1,058 Shares under the ESPP at a price of US $20.09 per Share. In addition to these ESPP Shares, Mr. Schiller also acquired 210 Shares for 16 May 2014 to 30 June 2014 purchases through regular payroll deductions in the 401(k) Plan at an average price of US $22.67 per Share.

Follows is a summary of Mr. Schiller's estimated Share ownership which includes the ESPP Shares and includes the Shares acquired in the 401(k) Plan to date:

 
 Executive Director     Shares     Resultant Shareholding   % of Issued Share 
                        Acquired                                 Capital 
--------------------  ----------  -----------------------  ------------------ 
  John D. Schiller, 
         Jr.             1,268           1,318,478               1.407% 
--------------------  ----------  -----------------------  ------------------

Following the Share issue, the Company has a total of 93,719,630 Shares in issue.

1 July 2014

Enquiries of the Company

Energy XXI

Stewart Lawrence

Senior Vice President, Investor Relations and Communications

713-351-3006

slawrence@energyxxi.com

Greg Smith

Vice President, Investor Relations

713-351-3149

gsmith@energyxxi.com

Cantor Fitzgerald

Nominated Adviser: David Porter, Rick Thompson

Corporate Broking: Richard Redmayne

Tel: +44 (0) 20 7894 7000

Pelham Bell Pottinger

James Henderson

jhenderson@pelhambellpottinger.co.uk

Mark Antelme

mantelme@pelhambellpottinger.co.uk

+44 (0) 20 7861 3232

This information is provided by RNS

The company news service from the London Stock Exchange

END

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