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Spartan Energy Acquisition Corp. Announces Pricing of $400,000,000 Initial Public Offering

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Spartan Energy Acquisition Corp. (the "Company"), led by Chairman
Gregory Beard and Chief Executive Officer Geoffrey Strong, today
announced the pricing of its initial public offering ("IPO") of
40,000,000 units at a price of $10.00 per unit. The units will be listed
on the New York Stock Exchange ("NYSE") and trade under the ticker
symbol "SPAQ.U" beginning August 10, 2018. Each unit consists of one
share of the Company's Class A common stock and one-third of one
warrant, with each whole warrant enabling the holder thereof to purchase
one whole share of Class A common stock at a price of $11.50 per share.
Once the securities comprising the units begin separate trading, which
is expected to be on the 52nd day after following the date
hereof, the Class A common stock and warrants are expected to be listed
on the NYSE under the symbols "SPAQ" and "SPAQ WS," respectively. The
IPO is expected to close on August 14, 2018.

The Company intends to use the net proceeds from the IPO, and a
simultaneous private placement of warrants, to consummate the Company's
initial business combination.

Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are
acting as joint book-running managers and Jefferies LLC, RBC Capital
Markets, LLC and Tudor, Pickering, Holt & Co. Securities, Inc. are
acting as co-managers for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional 6,000,000
units at the initial public offering price to cover over-allotments, if
any.

The offering is being made only by means of a prospectus. When
available, copies of the prospectus related to this offering may be
obtained from Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800)
831-9146, or Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, Eleven Madison Avenue, New York, NY 10010, Telephone: (800)
221-1037, email: newyork.prospectus@credit-suisse.com.

A registration statement relating to the securities was declared
effective by the SEC on August 9, 2018. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.

ABOUT SPARTAN ENERGY ACQUISITION CORP.

The Company is a special purpose acquisition entity focused on the
energy industry in North America and was formed for the purpose of
entering into a merger, amalgamation, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. The Company is sponsored by
Spartan Energy Acquisition Sponsor LLC, which is owned by a private
investment fund managed by an affiliate of Apollo Global Management, LLC
(NYSE:APO).

FORWARD LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking
statements," including with respect to the proposed initial public
offering and the anticipated use of the net proceeds. No assurance can
be given that the offering discussed above will be completed on the
terms described, or at all, or that the net proceeds of the offering
will be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of the
Company's registration statement and preliminary prospectus for the
Company's offering filed with the Securities and Exchange Commission
("SEC"). Copies are available on the SEC's website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as required
by law.

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