Petroplus Announces Shareholder Approvals from Its Annual General Meeting Including Approval of CHF 1 Per Share Dividend by Way of a Capital Reduction to Shareholders

Regulatory News:
Petroplus Holdings AG (SWX:PPHN) today announced that at its Annual

General Meeting, shareholders approved a reduction of share capital by

repayment of CHF 1 par value per share to shareholders payable on July

29, 2008. The shareholders also approved additional authorized share

capital in the amount of CHF 86,751,000. Ms. Maria Livanos Cattaui, Dr.

Walter Grüebler and Mr. Patrick Power were

re-elected by the shareholders to the Board of Directors of the Company

for tenures of three years. The shareholders approved the Annual Report

the Annual Financial Statements of the Company and the Consolidated

Financial Statements for 2007, granted discharge to the members of the

Board of Directors and the Senior Management of the Company, and

re-elected Ernst and Young Ltd., Zurich, as auditors.
Petroplus Holdings AG is the largest independent refiner and wholesaler

of petroleum products in Europe. Petroplus focuses on refining and

currently owns and operates seven 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 Petit Couronne refinery in Petit Couronne

France, the Cressier refinery in the canton of Neuchâtel

Switzerland, the Reichstett refinery in Alsace, France and the Teesside

refinery in Teesside, United Kingdom. The refineries have a combined

throughput capacity of approximately 864,000 bpd.