Petroplus Provides Update on Operations of Ingolstadt Refinery

Regulatory News:

Petroplus Holdings AG (SWX: PPHN) announced today that an incident
occurred at its Ingolstadt, Germany, refinery at about 6pm Central
European Time on Wednesday, 2nd January. There was a small leak in a
hydrogen feed line that was promptly contained and there was no
injury, no fire and no offsite impact. The pipe has been isolated and
repairs should be completed on or about Monday, 7th January. In the
meantime, the refinery is operating at normal capacity and producing a
complete slate of products.

Petroplus Holdings AG is the largest independent refiner and
wholesaler of petroleum products in Europe. Petroplus focuses on
refining and currently owns and operates five refineries across
Europe: the Coryton refinery on the Thames Estuary in the United
Kingdom, the Ingolstadt refinery in Ingolstadt, Germany, the Belgium
Refining Company refinery in Antwerp, Belgium, the Cressier refinery
in the canton of Neuchatel, Switzerland, and the Teesside refinery in
Teesside, United Kingdom. The refineries have a combined throughput
capacity of approximately 625,000 bpd. Petroplus has signed a letter
of intent to acquire the Petit Couronne and Reichstett refineries,
located in France, from Shell International Petroleum Company Limited.
The refineries have a total nameplate crude capacity of 239,000
barrels per day.