Vanguard Natural Resources Inc. (fka VNRRQ)

[Enterprising Investor]

Distributions to Legacy Unitholders:

Vanguard Natural Resources LLC Com Unit Repstg Ltd Liability Co Ints (VNRSQ) - Shares Cancelled. Company will issue to each ELECTING HOLDER of Common Units 0.004892 New Warrants for every Common Unit held

Vanguard Natural Resources 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (VNRAQ) - Shares Cancelled. Company will issue to each ELECTING HOLDER of Preferred Units 0.04484264 New Warrants & 0.00151363 New Common Stock for every Preferred Unit held.

Vanguard Natural Resources LLC 7.625% Series B Cumulative Redeemable Perpetual Preferred Unit (VNGBQ) - Shares Cancelled. Company will issue to each ELECTING HOLDER of Preferred Units 0.04474971 New Warrants & 0.00151043 New Common Stock for every Preferred Unit held

Vanguard Natural Resources LLC 7.75% Series C Cumulative (VNRCQ) - Shares Cancelled. Company will issue to each ELECTING HOLDER of Preferred Units 0.04479605 New Warrants & 0.00151209 New Common Stock for every Preferred Unit held.