TIDMEXXI

RNS Number : 8778W

Energy XXI (Bermuda) Limited

06 February 2012

Energy XXI (Bermuda) Limited

Notification of Major Interest in Shares

Energy XXI (Bermuda) Limited ("the Company") was notified on 2 February 2012 by Leon G. Cooperman, that, as of 31 December 2011, Cooperman is now the holder of 4,276,103 US $0.005 Common Stock ("Shares") which represents approximately 5.6% of the Company's issued Share capital of which Cooperman has sole (2,420,461 Shares) or shared (1,855,642 Shares) voting rights.

Included in sole and shared voting rights totals are 290,141 and 201,624 Shares, respectively, which are deemed owned by virtue of the Company's 5.625% Preferred Stock that is convertible into Shares.

6 February 2012

Enquiries of the Company

Energy XXI

Stewart Lawrence

Vice President, Investor Relations and Communications

713-351-3006

slawrence@energyxxi.com

Greg Smith

Director, Investor Relations

713-351-3149

gsmith@energyxxi.com

Seymour Pierce

Nominated Adviser: Jonathan Wright

Corporate Broking: Richard Redmayne

Tel: +44 (0) 20 7107 8000

Pelham Bell Pottinger

James Henderson

jhenderson@pelhambellpottinger.co.uk

Mark Antelme

mantelme@pelhambellpottinger.co.uk

+44 (0) 20 7861 3232

This information is provided by RNS

The company news service from the London Stock Exchange

END

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