Jones Energy Inc.

Approved a reverse stock split for the company's issued and outstanding Class A and Class B common stock of 1 for 20, effective after market close on Friday September 7, 2018. Jones Energy's Class A common stock will begin trading on a split-adjusted basis upon market opening the following Monday, September 10, 2018 on the New York Stock Exchange under the same ticker symbol, JONE, but with a new CUSIP. The reverse stock split is intended to increase the market price per share of the Company's Class A common stock in order to comply with the NYSE continued listing standards relating to minimum price per share.

Following the reverse stock split, the number of outstanding shares of Class A common stock of Jones Energy will be reduced to approximately 4.9 million from 98 million and the number of outstanding shares of Class B common stock will be reduced to approximately 0.2 million from 4.8 million for a total number of shares of common stock outstanding of approximately 5.1 million from 102.9 million.