Petroplus' Coryton Acquisition Approved by European Union

Petroplus Holdings AG (SWX:PPHN) announced today that it has
received the European Commission's antitrust approval to purchase the
Coryton refinery, located in the United Kingdom.

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.

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's annual and interim reports.