Carolyn J. Burke Joins Dynegy as Chief Administrative Officer

Dynegy Inc. DYN today announced that Carolyn J. Burke will join Dynegy as Executive Vice President and Chief Administrative Officer, effective August 30, 2011. Carolyn will serve on Dynegy's executive management team and report to Robert C. Flexon. Dynegy Inc. previously announced the appointments of the following officers: Robert C. Flexon, President and Chief Executive Officer, effective July 11, 2011; Kevin T. Howell, Executive Vice President and Chief Operating Officer, effective July 5, 2011; and Clint C. Freeland, Executive Vice President and Chief Financial Officer, effective July 5, 2011. As an inducement to their appointments, Messrs. Flexon, Howell and Freeland will be issued in a private placement 42,017, 12,605 and 8,306 shares of Dynegy common stock with an aggregate fair market value of $250,000, $75,000, and $50,000, respectively. As an inducement to Ms. Burke's appointment, she will also be issued in a private placement 8,000 shares of Dynegy common stock with an aggregate fair market value of $50,000.