Icahn Enterprises L.P. Announces Pricing Terms for Rights Offering; Subscription Price of $36.79

Icahn Enterprises L.P. IEP announced today that it has set the pricing terms for its previously announced rights offering. Pursuant to the rights offering, Icahn Enterprises will distribute transferable subscription rights pro rata to the holders of record of its depositary units as of the close of business on December 27, 2011, the record date. Icahn Enterprises' depositary unitholders will receive 0.15881 rights for each depositary unit held as of the record date. Each whole right will entitle the holder to acquire one newly issued depositary unit of Icahn Enterprises at a subscription price of $36.7933. In addition, holders of rights will be entitled to subscribe for additional depositary units that remain unsubscribed as a result of any unexercised subscription rights. Icahn Enterprises intends to distribute the rights to the record date unitholders on January 3, 2012.