Encana Board Concludes Company Did Not Engage in Collusion

Encana's ECA Board of Directors announced today that it has completed its investigation into allegations of collusion with competitors regarding land leasing in Michigan in 2010. Based on the results of the investigation, the Board has concluded that Encana did not engage in such conduct. In June 2012 Encana's independent Directors authorized its Chairman, Mr. David O'Brien, to oversee an investigation into the allegations. External legal counsel were retained in both the United States and Canada to assist in undertaking a thorough investigation, which was conducted independent of company management.