On March 14, 2016, Courtney Mather resigned from the board of directors of CVR Energy, Inc. and the board of directors of the general partner of CVR Refining, LP. Effective March 14, 2016, Jonathan Frates has been appointed to the Board and to the GP Board. Mr. Frates has been a Portfolio Company Associate at Icahn Enterprises L.P. Prior to joining Icahn Enterprises, Mr. Frates served as a Senior Business Analyst at First Acceptance Corp.

and as an Associate at its holding company, Diamond A Ford Corp. Mr. Frates began his career as an Investment Banking Analyst at Wachovia Securities LLC. Mr. Frates has been named to serve on the Compensation Committee and as chairman of the Nominating and Corporate Governance Committee of the Board.

In addition, he has been named to the Compensation Committee and the Environmental, Health and Safety Committee of the GP Board. Mr. Frates will not receive any compensation for serving on the Board or the GP Board.