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Energy XXI (Bermuda) Limited Completes 7.50% Senior Notes Exchange Offer

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HOUSTON, May 23, 2014 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (the "Company"), the operating subsidiary of Energy XXI (Bermuda) Limited ("Energy XXI") (Nasdaq:EXXI) (AIM:EXXI), today announced that it has completed the exchange offer relating to its 7.50% Senior Notes due 2021 (the "Notes"). The Company's offer to exchange up to $500,000,000 aggregate principal amount of the Notes that were not registered under the Securities Act of 1933, as amended (the "Securities Act"), for an equal principal amount of the Notes that have been registered under the Securities Act, expired at 5:00 p.m., New York City time, on May 23, 2014. The Company received and accepted tenders of 100% of the Notes that were outstanding.

CONTACT: ENQUIRIES OF THE COMPANY Energy XXI Stewart Lawrence Vice President, Investor Relations and Communications 713-351-3006 slawrence@energyxxi.com Greg Smith Director, Investor Relations 713-351-3149 gsmith@energyxxi.com Cantor Fitzgerald Europe Nominated Adviser: David Porter, Rick Thompson Corporate Broking: Richard Redmayne Tel: +44 (0) 20 7894 000 Pelham Bell Pottinger James Henderson jhenderson@pelhambellpottinger.co.uk Mark Antelme mantelme@pelhambellpottinger.co.uk +44 (0) 20 7861 3232

Source:Energy XXI