Rice Energy Investor Presentation — February 2017

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www.riceenergy.com 1

Investor Presentation

www.riceenergy.com 2Forward -Looking Statements and Other Disclaimers

FORWARD -LOOKING STATEMENTS

This presentation and the oral statements made in connection therewith may contain “forward looking statements” within the meani ng of Section 27A of the Securities Act of 1933, as amended, and

Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, reg arding Rice Energy’s strategy, future operations, financial position,

estimated revenues and income/losses, projected costs, as amended, prospects, plans and objectives of management are forward -looking statements. These statements often include the words

“could,” “believe,” “anticipate,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “project,” “budget,” “potential,” “guidance,” or

“continue” and similar expressions intended to identify forward -looking statements, although not all forward -looking statements contain such identifying words. Without limiting the generality of

the foregoing, forward -looking statements contained in this presentation specifically include estimates of Rice Energy’s reserves, expectations of plans, strategies, objectives and anticipated

financial and operating results of Rice Energy, including as to Rice Energy’s drilling program, production, hedging activities, capital expenditure levels and other guidance included in this

presentation. These forward -looking statements are based on Rice Energy’s current expectations and assumptions about future events and are based on currently available information as to the

outcome and timing of future events. Rice Energy assumes no obligation to and does not intend to update any forward looking s tatements included herein. You are cautioned not to place undue

reliance on any forward -looking statements. Rice Energy cautions you that these forward -looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict

and many of which are beyond their control, incident to the exploration for and development, production, gathering and sale of n atural gas, natural gas liquids and oil. These risks include, but are

not limited to, commodity price volatility; inflation; lack of availability of drilling and production equipment and services ; environmental risks; drilling and other operating risks; regulatory

changes; the uncertainty inherent in estimating natural gas reserves and in projecting future rates of production, cash flow and access to capital; the timing of development expenditures; risks

relating to joint venture operations; and the other risks described under “Risk Factors” in Rice Energy’s most recent Form 10 -K,Form 10 -Q and other filings with the Securities and Exchange