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Genie Energy Wraps Up Exchange Offer

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October 11, 2012

Genie Energy Ltd. (NYSE: GNE) announced the expiration of its previously disclosed exchange offer of shares of its class B common stock for shares of series 2012-A preferred stock on a one-for-one basis.

American Stock Transfer & Trust Company LLC, the exchange agent for the offer, has advised Genie that, based on the preliminary results of the exchange offer, 1,607,754 shares of class B common stock were tendered and not withdrawn, representing approximately 7.5% of the total outstanding shares of class B common stock.

After the results have been verified, ...

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