Cobalt International Energy Inc. - 2012-02-24

Priced a registered underwritten public offering of 52,000,000 shares of its common stock. Cobalt has agreed to sell 15,700,000 shares of its common stock and the selling stockholders have agreed to sell 36,300,000, each at a price of $28.00 per share. Total aggregate gross proceeds to Cobalt and the selling stockholders is approximately $1.5 billion. Cobalt intends to use the net proceeds to fund its capital expenditures and for general corporate purposes. Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers.