TIDMEXXI

RNS Number : 7287G

Energy XXI (Bermuda) Limited

02 July 2012

Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company")

Issue of Shares, Total Voting Rights and Director Shareholding

Energy XXI announces that it has issued 25,970 common shares of US$0.005 each ("Shares") as a result of purchases under its employee stock purchase plan (ESPP). The Company has made application for the 25,970 Shares to be admitted to trading on AIM, which is expected to become effective on 9 July 2012.

As a result of the above, the Company's Chairman and Chief Executive Officer, John D. Schiller, Jr., has acquired 799 Shares under the ESPP. In addition to these ESPP Shares, Mr. Schiller also acquired 8 Shares for June 16, 2012 to July 1, 2012 purchases through regular payroll deductions in the 401(k) Plan.

Follows is a summary of Mr. Schiller's estimated Share ownership which includes the ESPP Shares and includes the Shares acquired in the 401(k) Plan to date:

 
 Executive Director     Shares     Resultant Shareholding   % of Issued Share 
                        Acquired                                 Capital 
--------------------  ----------  -----------------------  ------------------ 
  John D. Schiller, 
         Jr.              807            1,377,754               1.748% 
--------------------  ----------  -----------------------  ------------------

Following the Share issue, the Company has a total of 78,837,697 Shares in issue, excluding 309,643 treasury shares. The total number of voting rights in the Company is therefore 78,837,697.

2 July 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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