BKV Corporation Announces Launch of Public Offering of Common Stock

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• Pending the closing of the BKV-BPP Power Joint Venture Transaction, or in the event the closing does not occur, BKV expects to use the proceeds of the offering for general corporate purposes

  80% confidence

• BKV intends to use the net proceeds from the offering, together with cash on hand, for the payment of the cash consideration of the purchase price in connection with BKV's previously announced acquisition of a controlling interest in BKV-BPP Power, LLC and related expenses

  80% confidence

• The completion of the offering is not contingent on the consummation of the BKV-BPP Power Joint Venture Transaction, and the BKV-BPP Power Joint Venture Transaction is not contingent on the completion of the offering

  80% confidence

• BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale

  80% confidence

• BKV expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares from BKV at the public offering price, less underwriting discounts and commissions

  80% confidence