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Report of Organizational Actions Affecting Basis of Securities

Disclaimer: The information contained in Form 8937 and the related attachment does not constitute tax advice and does not purport to take into account any note holder’s specific circumstances. Note holders are urged to consult their own tax advisors regarding U.S. tax consequences of the transaction described herein and the impact to tax basis resulting from the transaction.

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Form 8937 – Denbury Resources Inc. – June 19, 2019 and July 2, 2019

Corrected Form 8937 – Denbury Resources Inc. – January 9, 2018

Corrected Form 8937 – Denbury Resources Inc. – December 6, 2017

Form 8937 – Denbury Resources Inc. – January 9, 2018

Form 8937 – Denbury Resources Inc. – December 6, 2017

0.93 -0.02 -2.54% Volume: 11,724,143 02/21/20

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