June 18, 2008 12:37 PM Eastern Time 

Petroplus Announces Flaring at Its Ingolstadt Refinery

ZUG, Switzerland--(BUSINESS WIRE)--

Regulatory News:

Petroplus Holdings AG (SWX: PPHN) announced today that its Ingolstadt refinery had flaring in connection with a loss of power to the refinery’s control systems. There were no injuries and based on preliminary assessments there was no damage to refinery units. As a precaution, the refinery was safely shutdown. The cause of the power disruption is being determined and the refinery is expected to resume full operations within a few days.

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.