Cobalt International Energy, Inc. Announces Timing of Second Quarter 2017 Financial Results and Conference Call

HOUSTON–(BUSINESS WIRE)–Cobalt International Energy, Inc. (“Cobalt”) (NYSE: CIE) today announced
that it will release its second quarter 2017 results before the New York
Stock Exchange opens on Tuesday, August 8, 2017. This release will be
followed by a conference call for investors at 9:00 a.m. Central Time
(10:00 a.m. Eastern Time) to discuss Cobalt’s second quarter 2017
results. Hosting the call will be Timothy J. Cutt, Chief Executive
Officer and David D. Powell, Chief Financial Officer.

The call can be accessed live over the telephone by dialing (877)
407-9039, or for international callers (201) 689-8470. A replay will be
available shortly after the call and can be accessed by dialing (844)
512-2921 or for international callers (412) 317-6671. The passcode for
the replay is 13667710. The replay will be available until August 22,
2017.

Interested parties may also listen to a simultaneous webcast of the
conference call by logging onto Cobalt’s website at www.cobaltintl.com
in the Newsroom-Events & Speeches section. A replay of the conference
call will also be available for approximately 30 days following the call.

About Cobalt

Cobalt is an independent exploration and production company active in
the deepwater U.S. Gulf of Mexico and offshore West Africa. Cobalt was
formed in 2005 and is headquartered in Houston, Texas.

Forward-Looking Statements

This press release includes “forward-looking statements” within the
meaning of the federal securities laws, including the safe harbor
provisions of the Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 — that is, statements related
to future, not past, events. Forward-looking statements are based on
current expectations and include any statement that does not directly
relate to a current or historical fact. In this context, forward-looking
statements often address Cobalt’s expected future business and financial
performance, and often contain words such as “anticipate,” “believe,”
“may,” “will,” “aim,” “estimate,” “continue,” “intend,” “could,”
“expect,” “plan,” and other similar words. These forward-looking
statements involve certain risks and uncertainties that ultimately may
not prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. For further
discussion of risks and uncertainties, individuals should refer to
Cobalt’s SEC filings. Cobalt disclaims any obligation or undertaking,
and does not intend, to update these forward-looking statements to
reflect events or circumstances occurring after this press release,
other than as required by law. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date of this press release. All forward-looking statements are qualified
in their entirety by this cautionary statement.

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