Genie Energy Announces Expiration of Exchange Offer

Genie Energy

announced the expiration of its previously disclosed exchange offer of shares of its Class B Common Stock for shares of Series 2012-A Preferred Stock on a one-for-one basis. The exchange offer expired, as scheduled, at 5:00 p.m., EDT, on Wednesday, October 10, 2012. All shares that were validly tendered and not properly withdrawn have been accepted by Genie for exchange. American Stock Transfer & Trust Company LLC, the exchange agent for the offer, has advised Genie that, based on the preliminary results of the exchange offer, 1,607,754 shares of Class B Common Stock were tendered and not withdrawn (including 74,559 shares tendered using the procedures for guaranteed delivery), representing