Liberty Oilfield Services Inc. Announces Launch of Initial Public Offering

DENVER–(BUSINESS WIRE)–Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today
that it has launched an initial public offering of 10,714,286 shares of
its Class A common stock at an anticipated initial offering price
between $14.00 and $16.00 per share pursuant to a registration statement
on Form S-1 (the “Registration Statement”) previously filed with the
Securities and Exchange Commission (the “SEC”). In addition, Liberty and
the selling shareholder intend to grant the underwriters a 30-day option
to purchase up to an additional 1,607,143 shares of Liberty’s Class A
common stock at the initial public offering price, less underwriting
discounts and commissions. The shares have been authorized for listing
on the New York Stock Exchange under the ticker symbol “LBRT,” subject
to official notice of issuance.

Morgan Stanley, Goldman Sachs & Co. LLC, Wells Fargo Securities,
Citigroup, J.P. Morgan and Evercore ISI are acting as joint book-running
managers for the proposed offering.

The offering of these securities will be made only by means of a
prospectus that meets the requirements of Section 10 of the Securities
Act of 1933. A copy of the preliminary prospectus may be obtained from:

Morgan Stanley
Attention: Prospectus Department
180 Varick
Street, 2nd Floor
New York, NY 10014

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200
West Street
New York, NY 10282
Telephone: 1-866-471-2526
Email:
[email protected]

Wells Fargo Securities
c/o Equity Syndicate Department
375
Park Avenue
New York, NY 10152
Telephone: 1-800-326-5897
Email:
[email protected]

Important Information

A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. The registration statement may
be obtained free of charge at the SEC’s website at www.sec.gov
under “Liberty Oilfield Services Inc.” This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.

About Liberty Oilfield Services Inc.

Liberty Oilfield Services Inc. is an independent provider of hydraulic
fracturing services to onshore oil and natural gas exploration and
production companies in North America.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent Liberty’s expectations or beliefs concerning future
events, and it is possible that the results described in this press
release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which are
outside of Liberty’s control, that could cause actual results to differ
materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is
made, and, except as required by law, Liberty does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for Liberty to predict
all such factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary statements in
the prospectus filed with the SEC in connection with Liberty’s initial
public offering. The risk factors and other factors noted in Liberty’s
prospectus could cause its actual results to differ materially from
those contained in any forward-looking statement.

Contacts

Liberty Oilfield Services Inc.
Michael Stock, 303-515-2894
Chief
Financial Officer
[email protected]