LINN Energy (LINE) Will Delay 10-K Filing

LINN Energy, LLC (Nasdaq: LINE) and LinnCo, LLC (Nasdaq: LNCO) announced that it has filed with the U.S. Securities and Exchange Commission (SEC) a Form 12b-25 Notification of Late Filing with regard to its Annual Report on Form 10-K for the year ended December 31, 2015 to allow additional time to complete its financial statements and related disclosures. Additional information can be found in LINN’s and LinnCo’s Forms 12b-25 on file with the SEC.

As previously announced, the Company has initiated a process to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Company. LINN currently has adequate resources to continue the efficient operations of its assets and intends to continue making payments in full under normal terms to all of its vendors, suppliers and partners. The Company currently has more than $1 billion in cash and cash equivalents, which among other things, will be used for general corporate purposes.

The Board of Directors and management are in the process of evaluating strategic alternatives to help provide the Company with financial stability, but no assurance can be given as to the outcome or timing of this process.

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