CORPORATE EVENT: EnCana Corporation ("ECA")

EnCana Corporation (“ECA”) has announced a distribution of Cenovus Energy Inc. (“CVE”) Common Shares. The distribution ratio is one (1) CVE Common Shares per ECA Common Share. The record date is December 7, 2009; the mail date is December 8, 2009. The New York Stock Exchange (“NYSE”) has set December 9, 2009 as the ex-distribution of the distribution. The NYSE has determined due-bills for the CVE distribution must accompany each ECA Share delivered after December 7, 2009 in settlement of ECA transactions made prior to the ex-date. Cenovus Energy Inc. began trading “when issued” on the NYSE under the symbol “CVE WI” on November 2, 2009.

This action will be coordinated with the Options Clearing Corporation.

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