NEW YORK, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) announced today that the Board of Directors of
its general partner has declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is
payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about
September 15, 2017 to depositary unit holders of record at the close of business on August 14, 2017.
Depositary unit holders will have until the close of business on September 6, 2017 to make an election to receive either cash or
additional depositary units; and, if a holder does not make an election, it will automatically be deemed to have elected to receive
the distribution in cash. Icahn Enterprises will calculate the depositary units to be distributed based on the 5 trading
day volume weighted average price of Icahn Enterprises' depositary units ending on September 13, 2017. To the extent that the
aggregate units to be distributed to any holder would include a fraction of a unit, that fractional unit will be settled in
cash.
Icahn Enterprises L.P., a master limited partnership, is a diversified holding company engaged in ten primary business segments:
Investment, Automotive, Energy, Railcar, Gaming, Metals, Mining, Food Packaging, Real Estate and Home Fashion.
Caution Concerning Forward-Looking Statements
Results for any interim period are not necessarily indicative of results for any full fiscal period. This release may contain
certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are
beyond our ability to control or predict. Forward-looking statements may be identified by words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to,
statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Among these
risks and uncertainties are risks related to economic downturns, substantial competition and rising operating costs; risks related
to our investment activities, including the nature of the investments made by the private funds in which we invest, losses in the
private funds and loss of key employees; risks related to our automotive activities, including exposure to adverse conditions in
the automotive industry, and risks related to operations in foreign countries; risks related to our energy business, including the
volatility and availability of crude oil, other feed stocks and refined products, unfavorable refining margin (crack spread),
interrupted access to pipelines, significant fluctuations in nitrogen fertilizer demand in the agricultural industry and
seasonality of results; risk related to our gaming operations, including reductions in discretionary spending due to a downturn in
the local, regional or national economy, intense competition in the gaming industry from present and emerging internet online
markets and extensive regulation; risks related to our railcar activities, including reliance upon a small number of customers that
represent a large percentage of revenues and backlog, the health of and prospects for the overall railcar industry and the cyclical
nature of the railcar manufacturing business; risks related to our food packaging activities, including competition from better
capitalized competitors, inability of its suppliers to timely deliver raw materials, and the failure to effectively respond to
industry changes in casings technology; risks related to our scrap metals activities, including potential environmental exposure;
risks related to our real estate activities, including the extent of any tenant bankruptcies and insolvencies; risks related to our
home fashion operations, including changes in the availability and price of raw materials, and changes in transportation costs and
delivery times; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange
Commission. Past performance in our Investment segment is not necessarily indicative of future performance. We undertake no
obligation to publicly update or review any forward-looking information, whether as a result of new information, future
developments or otherwise.
Investor Contacts: SungHwan Cho, Chief Financial Officer Peter Reck, Chief Accounting Officer (212) 702-4300
