Petroplus Shareholders Subscribe for 60.1% of New Shares in the Rights Offering and Petroplus Announces Size of International Offering

Regulatory News:

Petroplus Holdings AG (SWX:PPHN) announced today that in its
rights offering that expired at noon today Central European Time,
existing shareholders subscribed for 4,569,554 new shares,
representing approximately 60.1% of the maximum number of 7,600,000
new shares available to be issued. The remaining 3,030,446 new shares
not sold in the rights offering will be sold to investors in the
international offering. The bookbuilding period for the international
offering is planned to run until April 24, 2007, 16:00 CET at the
latest.

The international offering is comprised of a public offering in
Switzerland and private placements to institutional investors in
certain other jurisdictions in compliance with applicable securities
laws, including the United States to "QIBs" only as defined in Rule
144A under the U.S. Securities Act of 1933 as amended (the "U.S.
Securities Act"). The offer price, which will be the same for the
rights offering and the international offering, and the final offer
size will be announced after completion of the bookbuilding.

The new shares are expected to be listed on the SWX Swiss Exchange
and eligible for trading as of April 25, 2007. The payment and
settlement date is expected to be April 30, 2007.

Credit Suisse, Morgan Stanley and UBS Investment Bank are acting
as Joint Bookrunners for the rights offering and the international
offering with Bank Vontobel AG and JP Morgan acting as Co-Managers for
the offerings.

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 Neuchatel, Switzerland, and the Teesside
refinery in Teesside, United Kingdom. The existing refineries have a
combined throughput capacity of approximately 405,000 bpd.

The information contained in this news release is not for
publication or distribution in the United States of America.

This news release 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 securities of Petroplus Holdings AG should be
solely based on the Offering Memorandum.

This news release is not an offer of securities for sale in the
United States of America. None of the securities have been registered
under the U.S. Securities Act and may not be offered or sold in the
United States of America absent registration or an exemption from
registration under the U.S. Securities Act. Petroplus Holdings AG does
not intend to make a public offering of securities in the United
States of America.

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

This news 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. 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' annual and interim reports.