EP Energy Corporation ("EP Energy" or the "Company") announced that its Board of Directors (the "Board") intends to evaluate a range of strategic alternatives to maximize shareholder value, including without limitation, a corporate sale, merger or other business combination, or other transactions. The Company has engaged Credit Suisse Securities (USA) LLC ("Credit Suisse") and Jefferies LLC ("Jefferies") as financial advisors to assist with the evaluation process. President and Chief Executive Officer Russell Parker stated, "We are very pleased to be working with our advisors to explore strategic alternatives that maximize value for our shareholders. With the completion of our Southern Midland Basin asset sale, the management team and our Board believe now is an opportune time to evaluate alternatives to bring value forward for our shareholders. There can be no assurance that such evaluation will result in one or more transactions or other strategic change or outcome. The Company has not set a timetable for the conclusion of its evaluation or strategic alternatives, and it does not intend to comment further unless and until the Board has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or required by law.