Icahn Enterprises L.P. Announces Results of Rights Offering; Depositary Unit at a subscription price of $36.7933

Icahn Enterprises L.P. IEP announced today the results of its previously announced rights offering. Pursuant to the Rights Offering, Icahn Enterprises distributed transferable subscription rights (the "Rights") pro rata to the holders of record of its depositary units representing limited partner interests (the "Depositary Units"). Holders of the Depositary Units, as of the close of business on December 27, 2011, received 0.15881 rights for each Depositary Unit held as of such date. Each whole Right entitled the holder to acquire one newly issued Depositary Unit at a subscription price of $36.7933 The Rights Offering was fully subscribed with total Basic Subscription Rights and Over-Subscription Rights being exercised for 13,590,238 Depositary Units. Basic Subscription Rights that were not subscribed by 5:00 p.m., New York City time, on January 20, 2012 have expired. Following the issuance of the Depositary Units subscribed for in the Rights Offering, there will be 99,161,952 Depositary Units outstanding. Affiliates of Carl C. Icahn, which own and control our general partner and held, prior to the closing of the Rights Offering, 79,238,262 of our Depositary Units, representing approximately 92.6% of our outstanding Depositary Units, exercised all of the Basic Subscription Rights and Over-Subscription Rights allocated to them in the Rights Offering. Following the consummation of the Rights Offering, Mr. Icahn's affiliates will hold 92,233,846 of our Depositary Units, representing approximately 93.01% of our outstanding Depositary Units.