Energy XXI (Bermuda) Limited Director's Shareholding (5195T)

TIDMEXXI

RNS Number : 5195T

Energy XXI (Bermuda) Limited

14 December 2012

Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")

Director's Shareholding

Energy XXI notifies that the Company Chairman and Chief Executive Officer, John D. Schiller, Jr., has entered into an agreement with the Energy XXI Services, LLC Employee Stock Purchase Plan ("the Plan") to purchase US$0.005 common stock in the Company ("Shares"). The Plan covers the period 1 January 2013 through 30 June 2013 and following a regular deduction from salary, allows employees to purchase new common stock at a 15 percent discount from the lower of the common stock closing price on the first or last day of the period. Mr. Schiller has entered into the plan up to US $21,250 and can withdraw from the Plan at any time.

Mr. Schiller has also elected to purchase shares under the Company 401(k) Plan during 2013. The 401(k) Plan allows for up to 50 percent of the participant's annual 401(k) contribution and Company match to be used to purchase shares. Based on Mr. Schiller's annual contribution limit of US $23,000 plus the Company match, Mr. Schiller will purchase a total of US $23,000 of shares based on the stock price when the payroll deductions are made.

14 December 2012

Enquiries of the Company

Energy XXI

Stewart Lawrence

Vice President, Investor Relations and Communications

713-351-3006

[e-mail]

Greg Smith

Director, Investor Relations

713-351-3149

[e-mail]

Seymour Pierce

Nominated Adviser: Jonathan Wright

Corporate Broking: Richard Redmayne

Tel: [phone]

Pelham Bell Pottinger

James Henderson

[e-mail]

Mark Antelme

[e-mail]

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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