Jones Energy Restructuring Support Agreement

Investor Contact:Page PortasInvestor The restructuring plan will allow Jones Energy to fully repay $1 billion of its debt, as indicated in an 8K bid to the Securities and Exchange Commission on April 3. The RSA is considering a comprehensive restructuring of the balance sheet, implemented by a pre-packaged chapter 11 reorganization plan, the company said in a statement. Prior to the presentation of Chapter 11 on April 15, 2019, the members of the ad hoc group concluded one-year negotiations by agreeing to a restructuring agreement with the company and an ad hoc group of debt holders. The recovery plan was confirmed without objection on May 6, 2019 and Jones Energy is a Chapter 11 on May 17, 2019. As part of the confirmed plan, the members of the ad hoc group together received approximately 39% of the equity of the reorganized Jones Energy company, guaranteeing an additional 13% of the equity and the rights to participate in the selection of three out of seven directors. More information about restructuring can be found in the RSA statement, the planning and disclosure statement contained in Form 8-K submitted today to the Securities and Exchange Commission. Davis Polk`s restructuring team included partners Brian M. Resnick, advisors Christian Fischer and collaborators Benjamin M. Schak and Omer Netzer. The tax team included partner Michael Mollerus.

Partner John M. Brandow was part of the equity derivatives team. Partner Derek Dostal was part of the capital market team. Brian Wolfe was also part of the merger and acquisition team. The executive compensation team also included partner Edmond T. FitzGerald. Councillor Lawrence R. Plotkin was part of the real estate team. All members of the Davis Polk team are based in the New York office. Jones Energy, Inc.

is an independent oil and gas company involved in the exploration and development of oil and gas properties in the Anadarko Basin of Oklahoma and Texas. For more information about Jones Energy, please visit the company`s website at In the meantime, Jones Energy will continue to operate as it indicates, that it will continue to operate normally and that its business will not be disrupted by the restructuring process. In order to implement the financial restructuring envisaged by RSA, the company expects that voluntary reorganization applications will be filed with the United States Bankruptcy Court for the Southern District of Texas (the Tribunal) on April 15, 2019 or before April 15, 2019, pursuant to Chapter 11 of Title 11 of the U.S. Code (the „Bankruptcy Code“).