Talos Energy (TALO) Prices 5M Share Secondary Offering

Talos Energy Inc. (NYSE: TALO) ("Talos" or the "Company") announced today the pricing of an underwritten public offering of an aggregate of 5,000,000 shares of its common stock (the "Offering") by certain affiliates of Apollo Global Management and Riverstone Holdings LLC (the "Selling Stockholders"). Talos is not selling any shares of common stock in the Offering and will not receive any proceeds from any sale of shares by the Selling Stockholders. The Offering is expected to close on June 28, 2021, subject to customary closing conditions.

BMO Capital Markets is acting as sole underwriter for the Offering. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Registration statements relating to these securities have been filed with and declared effective by the U.S. Securities and Exchange Commission (the "SEC"). The Offering is being made only by means of a prospectus supplement and accompanying base prospectuses. Before investing, prospective investors should read the prospectus supplement, the accompanying base prospectuses and the documents incorporated by reference therein for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and accompanying base prospectuses relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, tel: (800) 414-3627, email: [email protected].

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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