Icahn Enterprises L.P. Extends Tender Offer to Acquire Dynegy Inc.

Icahn Enterprises L.P. IEP today announced that its wholly-owned subsidiary, IEH Merger Sub LLC, has extended the expiration date of its previously announced tender offer for all outstanding shares of common stock, including the associated rights, of Dynegy Inc. DYN for $5.50 per share in cash, without interest and less any applicable withholding taxes, until 5:00 p.m., New York City time, on February 9, 2011, unless further extended or earlier terminated. The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, on Tuesday, January 25, 2011. All other terms and conditions of the tender offer remain unchanged.