X0206 3 2016-08-01 0 0001532930 Seventy Seven Energy Inc. NONE 0001673921 Axelrod Andrew 777 N.W. 63RD STREET OKLAHOMA CITY OK 73116 1 0 0 0 Common Stock 3579743 I See Note 2. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. These shares of Common Stock are held for the accounts of Axar Master Fund, Ltd. and Star V Partners LLC. Axar Capital Management, LP serves as investment manager to each of Axar Master Fund, Ltd. and Star V Partners LLC. Axar GP, LLC, is the sole general partner of Axar Capital Management, LP. Mr. Axelrod is the sole member of Axar GP, LLC and is the managing partner, portfolio manager and majority control person of Axar Capital Management, LP. /s/ David Treadwell by Power of Attorney 2016-08-11