Encana Announces Expiration of Consent Solicitation and Receipt of Requisite Consents

Tue Nov 20, 2012 6:24pm EST

* Reuters is not responsible for the content in this press release.


    Encana Corporation (TSX:ECA) (NYSE:ECA) ("Encana") announced the results
of its consent solicitation to amend the indentures relating to its
8.125% Notes due 2030, 7.375% Notes due 2031, and 7.2% Notes due 2031
(collectively, "the Notes"), to amend certain definitions to reflect
Encana's adoption of U.S. GAAP (collectively, the "GAAP Amendments") and
to amend certain provisions to be more consistent with other indentures
executed by Encana. The consent solicitation expired at 5:00 p.m., New
York City time on November 19, 2012 (the "Expiration Time").

    As of the Expiration Time, Encana had received the requisite consent from
holders of each series of Notes to amend the indentures with respect to
the GAAP Amendments and has executed supplemental indentures to effect
the GAAP Amendments. 

    Wells Fargo Securities acted as the Solicitation Agent for the consent
solicitation. D.F. King & Co., Inc. acted as the Information and
Tabulation Agent. 

    Advisory: This news release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to buy
the Notes or any other security and shall not constitute an offer,
solicitation or sale in any jurisdiction in which, or to any persons to
whom, such offering, solicitation or sale would be unlawful. The consent
solicitation was made solely pursuant to the Consent Solicitation
Statement dated November 5, 2012 and the accompanying consent form.

    Encana Corporation

    Encana is a leading North American energy producer that is focused on
growing its strong portfolio of diverse resource plays producing natural
gas, oil and natural gas liquids. By partnering with employees, community
organizations and other businesses, Encana contributes to the strength
and sustainability of the communities where it operates. Encana common
shares trade on the Toronto and New York stock exchanges under the symbol

    SOURCE: Encana Corporation

Encana Corporation
Ryder McRitchie
Vice-President, Investor Relations
(403) 645-2007

Encana Corporation
Lorna Klose
Manager, Investor Relations
(403) 645-6977

Encana Corporation
Jay Averill
Media Relations
(403) 645-4747

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