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Gunvor Supports Growth With USD 500 mil. Inaugural Bond
21 May 2013

Not for publication or distribution in the United States, Japan or in any other jurisdiction in which offers or sales would be prohibited by applicable law.

Gunvor Group has successfully priced a USD 500 mil. bond as a part of the company’s strategy to diversify and strengthen its financial foundation and long-term capital structure. Strong demand for the offering came from both retail and institutional investors, resulting in a final order book of over $2.75 bil. The significant oversubscription enabled Gunvor to upsize the offering from an originally announced size of $300 mil. to $500 mil.

The instrument has a 5-year tenor with a maturity date of 2018, and a 5.875 percent coupon. It is Reg S only, and will be listed on the Singapore Stock Exchange. Credit Suisse, Goldman Sachs International, ING and Societe Generale Corporate and Investment Banking were joint bookrunners.

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure-refineries, pipelines, storage, terminals and coal mining-Gunvor further generates sustainable value across the global supply chain for its customers. More information can be found at GunvorGroup.com or @Gunvor.

 

The distribution of this announcement and the offer and sale of the Notes in certain jurisdictions may be restricted by law.

This announcement does not constitute or form part of and should not be construed as, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any Notes to any person in any jurisdiction nor shall it (or any part of it), or the fact of its distribution, form the basis of, or be relied on in connection with or act as any recommendation or inducement to enter into, any contract, commitment or investment decision whatsoever relating to any Notes.

This announcement is not for publication, distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions), Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is not for publication, distribution or release, directly or indirectly, in or into the United States (including its territories and dependencies). The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Any failure to comply with this restriction may constitute a violation of United States securities laws. Neither this document nor the information contained herein constitutes or forms part of an offer to sell or the solicitation of an offer to buy securities in the United States.

This announcement is directed solely at (i) persons outside the United Kingdom, (ii) persons with professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”) or (iii) high net worth entities or any other persons to whom an invitation or inducement to engage in investment activities may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i) -(iii) above being “relevant persons”). Any investment activity to which this announcement relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not view this announcement.