Harbinger Group Acquires Additional Securities of North American Energy Partners

Harbinger Group

announced that it acquired in open market purchases on the New York Stock Exchange on August 31, 2011, an aggregate of 62,000 common shares of North American Energy Partners

at a price of $6.18 per Share. These 62,000 Shares represented approximately 0.17% of the outstanding Shares. Together with the Shares previously acquired by the Company, the Company holds an aggregate of 5,197,720 Shares, representing approximately 14.34% of the outstanding Shares. All Shares owned by the Company are held in the name of HGI Funding, a Delaware limited liability company and a direct wholly-owned subsidiary of the Company.