74JJ Petrol 4.24%

TIDM74JJ

RNS Number : 7771P

Petrol AD

07 October 2011

PETROL AD ANNOUNCES AMENDMENT OF ITS INVITATION FOR OFFERS TO SELL NOTES AND INTENTION TO PURCHASE ALL OFFERS TO SELL NOTES

NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR TO ANY PERSON RESIDENT AND/OR LOCATED IN THE UNITED STATES. CAPITALISED TERMS USED IN THIS ANNOUNCEMENT UNLESS DEFINED IN THIS NOTICE HAVE THE MEANINGS ASCRIBED TO THEM IN THE INVITATION MEMORANDUM PRODUCED BY PETROL (AS DEFINED BELOW) DATED 13 SEPTEMBER 2011 (THE "INVITATION MEMORANDUM")

7 October 2011

Further to the announcements made by Petrol AD ("Petrol") on 13 September 2011 and 5 October 2011, relating to the EUR100,000,000 8.375 per cent. Guaranteed Notes due 2011 (the "Notes") (ISIN: XS0271812447 and Common Code: 027181244) issued by Petrol and guaranteed by Naftex Petrol EOOD, of which EUR98,817,000 of the Notes are currently outstanding, Petrol notifies the holders of the Notes (the "Noteholders") that it has amended the Invitation and has accepted for purchase all Notes validly tendered by the Noteholders before the Expiration Time in accordance with the terms and conditions set out in the Invitation Memorandum.

Petrol is pleased to announce that, as a result of the amendment to the Invitation, it intends to purchase an aggregate principal amount of Notes equal to EUR11,779,000 at the Purchase Price being EUR850 per EUR1,000 in principal amount of the Notes, together with an amount equal to Accrued Interest on the Settlement Date (as defined below).

Settlement is expected to occur on or around 12 October 2011 (the "Settlement Date").

For further information:

A complete description of the terms and conditions of the Invitation and of the Proposals is set out in the Invitation Memorandum. Further details about the transaction can be obtained from:

The Dealer Manager:

Adamant Capital Partners AD

Attn: Tatyana Stanoykova

Tel: +359 2 422 5970

Email: tstanoykova@acp.bg

The Tender and Tabulation Agent

The Bank of New York Mellon

Tel: +44 (0)20 7964 4958

Email: debtrestructuring@bnymellon.com

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY SECURITIES OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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