Encana Amends Its Dividend Reinvestment Plan

Mon Mar 25, 2013 6:00pm EDT

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Encana Corporation

March 25, 2013 - 06:00:00 PM

Encana Amends Its Dividend Reinvestment Plan

CALGARY, ALBERTA--(Marketwire - March 25, 2013) - Encana Corporation (TSX:ECA)
(NYSE:ECA) ("Encana") today announced that it has amended its Dividend
Reinvestment Plan (the "DRIP") to permit the company to issue from its
treasury Encana common shares at a discount to the average market price for
the common shares (as defined in the DRIP) for the applicable dividend payment
date. Beginning in the second quarter of 2013, Encana's Board of Directors has
determined that all common shares distributed to participating shareholders
pursuant to the DRIP will be newly issued from Encana's treasury at a discount
of two percent.

By participating in the DRIP, shareholders can automatically reinvest all or
any portion of the cash dividends paid on their common shares in additional
Encana common shares, without charge for any commissions, service charges or
brokerage fees under the DRIP. By issuing common shares at a discount under
the DRIP, Encana is seeking to encourage greater shareholder participation in
the program. 

Shareholders who currently participate in the DRIP will automatically have the
discount applied to the reinvestment of any future cash dividends declared by
the Board of Directors, and do not need to complete a revised Enrollment
Authorization Form to continue to participate in the DRIP. The two percent
discount will remain in effect for all cash dividends that may be declared by
Encana's Board of Directors, beginning in the second quarter of 2013, until
otherwise announced by Encana.

Registered shareholders who wish to participate in the DRIP must deliver a
completed Enrollment Authorization Form to CIBC Mellon Trust Company, as DRIP
Agent, no later than 4:00 p.m. (Toronto time) on the fifth (5th) business day
immediately preceding the record date for the payment of cash dividends on
common shares. Beneficial owners of common shares who wish to participate in
the DRIP must arrange with their broker, investment dealer, financial
institution or other nominee to enroll in the DRIP on their behalf. Nominee
holders of common shares should consult the DRIP for instructions on enrolling
one or more eligible beneficial owners of common shares who wish to
participate in the DRIP.

A complete copy of the DRIP, together with a related series of Questions and
Answers and an Enrollment Authorization Form, are available on Encana's
website at www.encana.com or by contacting CIBC Mellon Trust Company at (866)
580-7145 or (416) 682-3863 or by email at inquiries@canstockta.com.

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 ECA.

Further information on Encana Corporation is available on the company's
website, www.encana.com.

Encana Corporation - Investor contact:
Ryder McRitchie
Vice President Investor Relations & Corporate Communications
(403) 645-2007

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

Encana Corporation - Media contact:
Jay Averill
Manager, Media & Public Relations
(403) 645-4747