News from Janney Montgomery Scott LLC

October 8, 2014 – Legacy Reserves LP (Nasdaq:LGCY) (“Legacy” or the “Company”) announced the closing of its public offering of 11,500,000 shares of common stock at an offering price of $27.38 per share, which includes the full exercise of the underwriters’ option to purchase up to an additional 1,500,000 shares, for total gross proceeds of $314.87 million. The Company intends to use the net proceeds from this offering for general partnership purposes, including funding future acquisitions or repaying a portion of the borrowings outstanding under its revolving credit facility.

Janney Montgomery Scott LLC served as a co-manager on this transaction.

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