EnLink Midstream Announces Global Infrastructure Partners as New Strategic Partner

The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC), today announced that affiliates of Global Infrastructure Partners (GIP), a leading global independent infrastructure fund manager, completed the previously announced acquisition of all of Devon Energy Corporation’s (Devon) interests in EnLink Midstream Manager, LLC (Manager), ENLC, and ENLK for total cash consideration of $3.125 billion.

“We are excited to commence our strategic partnership with GIP and look forward to expanding EnLink’s strong foundation together,” said Michael J. Garberding, EnLink President and Chief Executive Officer. “EnLink’s platform, combined with GIP’s deep midstream experience and potentialnew sources of capital, enhances our outlook for further value creation. GIP and EnLink share strongcultural alignment and are focused on the successful execution of EnLink’s seven growth strategies.”

GIP now owns a 100-percent equity interest in Manager, an approximate 64-percent equity interest in ENLC, and an approximate 23-percent limited partner equity interest in ENLK.

“We view the EnLink investment as a significant partnership between a best-in-class managementteam and a committed infrastructure investor,” said Adebayo Ogunlesi, Chairman and ManagingPartner of GIP. “We share EnLink’s vision and strategic direction, and we have strong alignment on financial priorities. We are committed to supporting EnLink’s long-term growth and success.”

EnLink Boards of Directors

The closing of this transaction results in changes to the boards of directors to provide GIP with majority voting power on both boards.

William J. Brilliant is a Partner of GIP and a leader of GIP’s North American energy investment business. He led GIP’s investment in EnLink and is responsible for the origination, execution,management and realization of investments. He is a member of GIP’s Investment and Operatingcommittees and has been a member of GIP’s investment team since 2007. Prior to joining GIP, he was an investment banker at Lehman Brothers. He currently serves on the board of directors of Hess Midstream Partners GP LLC and Hess Infrastructure Partners. He previously served as a director of the general partner of Access Midstream Partners L.P. from June 2012 through July 2014.

Matthew C. Harris is a Founding Partner of GIP and leads GIP’s global energy industry investmentteam, including crude oil and refined product, natural gas, electricity, LNG, metals and mining, and petrochemicals. He is a member of GIP’s Investment, Operating, and Portfolio Valuation committees. He has been intimately involved in GIP’s investment, management, and strategic activities since its formation in 2006. He is a member of the board of directors of Hess Infrastructure Partners. Prior to the formation of GIP in 2006, he was a managing director in the Investment Banking Division of Credit Suisse, as well as Co-Head of the Global Energy Group and Head of the EMEA Emerging Markets Group. Prior to his tenure at Credit Suisse, he was a senior member of the Mergers and Acquisitions Group at Kidder Peabody & Co. Inc. He previously served as a director of the general partner of Access Midstream Partners L.P. from January 2010 through December 2013.

William A. Woodburn is a Founding Partner of GIP and oversees GIP’s Operating Team. He is a member of GIP’s Investment, Operating, and Portfolio Valuation committees and serves as chairman of its Portfolio Committee. He is a director of the following GIP portfolio companies: Gatwick Airport Limited, Competitive Power Ventures, Hess Midstream Partners and Naturgy SDG, S.A. (formerly Gas Natural SDG, S.A). Prior to the formation of GIP in 2006, Woodburn was the President and CEO of GE Infrastructure. From 2000 to 2001, he served as Executive Vice President and member of the Office of CEO at GE Capital and served as a member of the board of GE Capital. From 1984 to 2000, he held several senior roles at GE, including President and Chief Executive Officer of GE Specialty Materials and Vice President of GE Lighting. Prior to joining GE, he was an engagement manager at McKinsey & Company for four years, focusing on the energy and transportation industries, and held processengineering and marketing positions at Union Carbide’s Linde Division for five years. He previously served as a director of the general partner of Access Midstream Partners L.P. from January 2010 through July 2014.

The departing directors are David A. Hager, Kevin D. Lafferty, R. Alan Marcum, Mary P. Ricciardello, Jeff L. Ritenour, Lyndon C. Taylor, and Tony D. Vaughn.

“We are thankful for Devon’s contribution to our company, as we’ve worked to become the leadingmidstream company we are today, and we look forward to continuing our long-term commercial relationship with them,” said Barry E. Davis, EnLink Executive Chairman. “We are excited to welcome GIP to the EnLink boards and look forward to partnering on EnLink’s next phase of growth.”

A presentation related to this announcement is available on the Investors page of EnLink’s website atEnLink.com.

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