Diversified Energy Launches An Underwritten Public Offering Of 7,501,585 Shares Of Diversified's Common Stock

- Diversified Energy Company (NYSE:DEC, LSE: DEC))) ("Diversified" or the "Company") today announced the launch of an underwritten public offering (the "Secondary Offering") by certain funds or entities managed by an affiliate of EIG (collectively, the "Selling Stockholder") of 7,501,585 shares of Diversified's common stock, par value $0.01 per share (the "common stock"), which represents all remaining holdings of the Selling Stockholder. Diversified has indicated an interest to purchase from the underwriter up to 3,900,000 shares of common stock at a price per share equal to the price per share paid by the underwriter to the Selling Stockholder in the Secondary Offering (the "potential repurchase").

The shares of common stock may be offered by the underwriter from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.

Diversified is not offering any shares of common stock in the Secondary Offering and will not receive any proceeds from the sale of shares of common stock in the Secondary Offering.