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2015-10-08

Gunvor Group Ltd: Kuwait Petroleum International (KPI) and Gunvor Group (Gunvor) Confirm the Final Stage of Negotiations for the Sale of the KP Europoort Refin

Gunvor Group Ltd / Kuwait Petroleum International (KPI) and Gunvor Group
(Gunvor) Confirm the FinalStage of Negotiations for the Sale of the KP
Europoort Refinery . Processed and transmitted by NASDAQ OMX Corporate
Solutions.The issuer is solely responsible for the content of this
announcement.
ROTTERDAM, THE NETHERLANDS--(Marketwired - Oct 8, 2015) - Kuwait Petroleum
International and Gunvor Group have announced today that their respective
affiliates have reached the final stage of negotiations on the sale of the KP
Europoort refinery in Rotterdam, The Netherlands, subject to regulatory
approval and the necessary employee consultation process. The sale would
allow the refinery to continue in line with Gunvor's integration and
optimization strategies.

The sale would be the result of an intense and careful search for a suitable
buyer by KPI, after a reevaluation of its strategy for the KP Europoort
refinery. Among the most important criteria were continuing with the refinery
operations and finding a financially solid, experienced, reliable buyer.

Gunvor is one of the world's leading independent commodities trading
companies. It has a proven track record of successfully taking over and
operating refineries. Gunvor wholly owns two refineries; one in Antwerp,
Belgium; and another in Ingolstadt, Germany, both acquired in 2012. The
intended purchase of the KP Europoort refinery would enhance Gunvor's
existing refining operations, while also complementing its global trading
activities.

CONTACT INFORMATION

Gunvor Group
Seth Thomas Pietras
+41 79 870 6290
seth.pietras@gunvortrade.ch

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gunvor Group Ltd via Globenewswire

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