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Press release from Business Wire

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends

Tuesday, June 12, 2012

Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends07:01 EDT Tuesday, June 12, 2012 OKLAHOMA CITY (Business Wire) -- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on July 31, 2012 to common shareholders of record on July 16, 2012. Chesapeake has approximately 662 million common shares outstanding. In addition, Chesapeake's Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.     4.50%     5% (2005B)     5.75%     5.75% (Series A)NYSE Symbol   CHK Pr D     N/A     N/A     N/A Date of Original Issue   September 14, 2005     November 8, 2005     May 17, 2010     May 17, 2010 Registered CUSIP   165167842     165167826     N/A     N/A 144A CUSIP   N/A     165167834     165167776     165167784 RegS CUSIP   N/A     N/A     U16450204     U16450113 Clean (no legends) CUSIP   N/A     N/A     165167768     N/A Par Value per Share   $0.01     $0.01     $0.01     $0.01 Shares Outstanding   2,558,900     2,095,615     1,497,000     1,100,000 Liquidation Preference per Share   $100     $100     $1,000     $1,000 Record Date   September 4, 2012     August 1, 2012     August 1, 2012     August 1, 2012 Payment Date   September 17, 2012     August 15, 2012     August 15, 2012     August 15, 2012 Amount per Share   $1.125     $1.25     $14.375     $14.375               Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas, a Top 15 producer of oil and natural gas liquids and the most active driller of new wells in the U.S.Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S.Chesapeake owns leading positions in the Marcellus, Haynesville, Bossier, and Barnett natural gas shale plays and in the Eagle Ford, Utica, Mississippi Lime, Granite Wash, Cleveland, Tonkawa, Niobrara, Bone Spring, Avalon, Wolfcamp and Wolfberry unconventional liquids plays.The company has also vertically integrated its operations and owns substantial marketing, midstream and oilfield services businesses directly and indirectly through its subsidiaries Chesapeake Energy Marketing, Inc., Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its affiliate Chesapeake Midstream Partners, L.P. (NYSE:CHKM).Further information is available at where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases. Chesapeake Energy CorporationJeffrey L. Mobley, CFA, 405-767-4763jeff.mobley@chk.comorJohn J. Kilgallon, 405-935-4441john.kilgallon@chk.comorMedia Contacts:Michael Kehs, 405-935-2560michael.kehs@chk.comorJim Gipson,