TIDM74JJ

RNS Number : 8894Y

Petrol AD

20 May 2016

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

PETROL AD

(incorporated in the Republic of Bulgaria with limited liability)

EUR100,000,000

8.375% per. cent. Guaranteed Notes due 2017

Guaranteed by

Naftex Petrol EOOD

(incorporated in the Republic of Bulgaria with limited liability)

N O T I C E

"Petrol" AD (the "Company") is hereby informing the holders of the EUR100,000,000 8.375 per cent. Guaranteed Notes due 2017, issued by "Petrol" AD and guaranteed by "Naftex Petrol" EOOD (ISIN: XS0271812447) (the "Notes") of the following matter:

As we have already announced, on March 25, 2016 the Company received a notice of resignation from The Bank of New York Mellon as a Trustee, pursuant to the Trust Deed, dated October 26, 2006 and the two supplemental trust deeds dated October 6, 2011 and January 6, 2012, as well as a Principal Paying and Transfer Agent and the Registrar (together the Agents), pursuant to the Agency Agreement, dated October 26, 2006. The resignation is due to take effect on 22(nd) May 2016.

Pursuant to clause 15.2 of the Trust Deed and clause 18.2 of the Agency Agreement, such resignation will only become effective when a successor Trustee and/or a successor Agent is appointed by the Issuer.

The Company is in the process of adopting another trust corporation as successor Trustee and successor Agent.

In this regard, please be advised that the Company has started negotiations with a Bulgarian Bank.

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

May 20, 2016

Milko Dimitrov Georgi Tatarski

Executive Director of Petrol AD Executive Director of Petrol AD

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAMMBTMBITBIF

(END) Dow Jones Newswires

May 20, 2016 07:46 ET (11:46 GMT)

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