Key Energy Services Inc. (KEGX)

[Mcgill]

Fair warning issued:

As more fully discussed in “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources” in the Company’s Quarterly Report on Form 10-Q for the Quarter ended March 31, 2016, if the Company’s ongoing negotiations with its lenders and noteholders do not lead to a strategic transaction or alternative that addresses the Company’s level of indebtedness and liquidity, the Company could be forced to seek bankruptcy protection to restructure its business and capital structure. Additionally, the terms of any such transaction or the results of a bankruptcy proceeding could result in a limited recovery for unsecured noteholders, if any, and place equity holders at significant risk of losing all of their interests in our company.