Dividends Declared by Chesapeake Energy

 Chesapeake Energy Corporation has announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below.

4.50%

5%

5.75%

5.75% (Series A)

NYSE Symbol

CHK Pr D

N/A

N/A

N/A

Date of Original Issue

September 14, 2005

November 8, 2005

May 17, 2010

May 17, 2010

Registered CUSIP

165167842

165167826

165167768

165167750

144A CUSIP

N/A

165167834

165167776

165167784

RegS CUSIP

N/A

N/A

U16450204

U16450113

Clean (no legends) CUSIP

N/A

N/A

165167768

165167750

Par Value per Share

$0.01

$0.01

$0.01

$0.01

Shares Outstanding

2,558,900

1,810,667

770,528

463,363

Liquidation Preference per Share

$100

$100

$1,000

$1,000

Record Date

March 1, 2018

February 1, 2018

February 1, 2018

February 1, 2018

Payment Date

March 15, 2018

February 15, 2018

February 15, 2018

February 15, 2018

Amount per Share

$1.125

$1.25

$14.375

$14.375

Chesapeake will release its 2017 fourth quarter and year-end operational and financial results before market open on Thursday, February 22, 2018. A conference call to discuss the results has been scheduled for the same day at 9:00 am EDT.