Petroplus Announces Intention to Launch a High Yield Corporate Bond

Petroplus Holdings AG (SWX: PPHN) today announced its intention to
launch a high yield corporate bond in the magnitude of approximately
US$ 1.2 billion within the coming weeks.

On February 1, 2007, Petroplus announced its intention to acquire
the Coryton Refinery located on the Thames Estuary in the United
Kingdom for a total consideration price of US$ 1.4 billion plus
estimated working capital to be valued at closing. The Coryton
transaction is expected to close in the second quarter.

The Company intends to use the proceeds from the issuance of the
high yield corporate bond primarily to fund a portion of the purchase
price of the acquisition of the Coryton refinery.

Petroplus Holdings AG is one of the largest independent refiners
and wholesalers of petroleum products in Europe. Petroplus focuses on
refining and currently owns and operates four refineries across
Europe: the Ingolstadt refinery in Ingolstadt, Germany, the Belgium
Refining Corporation refinery in Antwerp, Belgium, the Cressier
refinery in the canton of Neuchâtel, Switzerland, and the Teesside
refinery in Teesside, United Kingdom. The existing refineries have a
combined throughput capacity of approximately 405,000 bpd. The Coryton
Refinery has a crude oil throughput capacity of approximately 172,000
barrels per day and can process up to an additional 70,000 barrels per
day of other feedstocks.

This press release contains forward-looking statements, including
the company's current expectations with respect to future market
conditions, future operating results, the future performance of its
refinery operations, and other plans. Words such as "expects,"
"intends," "plans," "projects," "believes," "estimates," "may,"
"will," "should," "shall," and similar expressions typically identify
such forward-looking statements. Even though Petroplus believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations
will be attained. Information herein regarding the Coryton refinery
has been provided to the company by the current owner of the refinery
and reflects the company's analysis of such information but has not
been verified by the company. Factors that could cause actual results
to differ materially from expectations include, but are not limited
to, operational difficulties, varying market conditions, potential
changes in gasoline, crude oil, distillate, and other commodity
prices, government regulations, and other factors contained from time
to time in the Petroplus's annual and interim reports.

The information contained in this news release is not for
publication or distribution in the United States of America, Canada,
Australia or Japan and does not constitute an offer of securities for
sale in those jurisdictions.

This announcement does not constitute a prospectus in the sense of
Article 652a or 1156 of the Swiss Code of Obligations or a listing
prospectus pursuant to the listing rules of the SWX Swiss Exchange.
Any decision to purchase shares of Petroplus Holdings AG should be
solely based on the Preliminary Offering Memorandum.

This news release is not an offer of securities for sale in the
United States of America. The Notes will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act") and may
not be offered or sold in the United States of America absent
registration or an exemption from registration under the Securities
Act. Petroplus Holdings AG does not intend to make a public offering
of securities in the United States of America.