New Fortress Energy Announces Full Exercise of Underwriters’ Option

New Fortress Energy LLC (NASDAQ: NFE) (New Fortress) announced today that the underwriters of its initial public offering exercised in full their option to purchase an additional 3,000,000 Class A shares at the initial public offering price of $14.00 per share, less underwriting discounts.

Including the additional 3,000,000 Class A shares, New Fortress will have sold a total of 23,000,000 Class A shares, representing total proceeds of $297.2 million, net of underwriting discounts and offering expenses.

Morgan Stanley, Barclays, Citigroup and Credit Suisse acted as lead book-running managers for the offering. Additional book-running managers were Evercore ISI and Allen & Company LLC. Co-managers were JMP Securities and Stifel. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the prospectus may be obtained from:

Morgan Stanley & Co. LLC Attention: Prospectus Department 180 Varick Street, 2nd Floor New York, NY 10014

Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (888) 603-5847 Email: [email protected]

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Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (800) 831-9146

Credit Suisse Securities (USA) LLC Attention: Prospectus Department Eleven Madison Avenue, 3rd Floor New York, NY 10010 Telephone: (800) 221-1037 Email: [email protected]

Important Information

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. The registration statement may be obtained free of charge at the SECs website at www.sec.gov under New Fortress Energy LLC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About New Fortress Energy LLC

New Fortress Energy is a global energy infrastructure company founded to help accelerate the worlds transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities. New Fortress Energy is majority-owned by a fund managed by an affiliate of Fortress Investment Group.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements. These forward-looking statements represent the Companys expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Companys control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus included in the registration statement filed with the SEC in connection with the Companys initial public offering, which could cause its actual results to differ materially from those contained in any forward-looking statement.

Jake Suski
+1 (516) 268-7433
[email protected]