Petroplus Provides Certain Second Quarter Guidance

Petroplus Holdings AG (SWX: PPHN) today announced that it expects its second quarter profit to substantially exceed both its first quarter 2008 profit, and the second quarter 2007 profit. Middle distillate product cracks during the second quarter were the prime driver of profitability and continue to positively impact the Company´s results in the third quarter.

Petroplus generated significant cash flow during the second quarter and ended the quarter with a net debt-to-net capitalization ratio of approximately 22 percent which is 17 percentage points lower than this same metric at the end of the first quarter. Petroplus will, as previously advised, report full details on its second quarter and half year results on 7th August 2008 at 2:00 p.m. Central European Time.

Interested parties may listen to the live conference call on the Internet by logging on to the investor relations section of the Petroplus Holdings AG website at www.petroplusholdings.com.

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.

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.