TPG-Axon Urges SandRidge Holders to Vote to Replace Directors

TPG-Axon, beneficial owner of 7.3 percent of the outstanding shares ofSandRidge Energy, Inc. (NYSE: SD) (the “Company”), today urged SandRidgeEnergy Stockholders to act immediately and return the GREEN consent card infavor of its proposals and director slate in order to meet the March 15, 2013deadline for submitting the consent.In addition, TPG-Axon noted that the Company filed an 8K this morning, March,12, 2013, announcing that the Board has, at long last, approved theindependent slate of director nominees.TPG-Axon stated, “It is frankly embarrassing and unfortunate that it took theBoard two months, a lawsuit and a stern ruling by Judge Strine that they mayhave breached their fiduciary duty, to finally do the right thing forshareholders. This is yet another poor use of shareholder money, a starkexample of how the Board has attempted to entrench themselves, and a reasonwhy immediate change is necessary.”TPG-Axon continued, “The time for change is now. Shareholders should votetheir GREEN consent cards immediately before it is too late, and send amessage to the Board that they have a duty of loyalty to shareholders.”TPG-Axon also notes that Tom Ward and the current Board of Directors havefailed to adequately address the ongoing strategic and operationaldeficiencies as well as the serious governance and related party transactionissues that have plagued the Company under their tenure. Furthermore, TPG-Axoncautions stockholders to consider the consequences of the current Board's planto spend an amount equal to almost 80 percent of the Company's entireremaining market capitalization on compensation, overhead, financing costs,and capital expenditures over the next year.TPG-Axon reiterates its belief that SandRidge is at a critical point andencourages stockholders to come together and vote the GREEN consent card todayin favor of its experienced independent director slated to put an end to anera of value destruction at the Company.