Unipetrol - Acquisition of 16.335% stake in Česká rafinérská from Shell

Transaction is an opportunistic acquisition fully in line with Unipetrol Group Strategy 2013-2017 announced in June 2013 and supporting its execution thanks to increasing security of petrochemical feedstock supplies, faster implementation of Operational Excellence initiatives and strengthening long-term presence on the Czech market.

On the date of the share purchase agreement signing, 7 November 2013, Unipetrol owns 51.22% of the Česká rafinérská's share capital. After completion of the Transaction expected at the beginning of 2014 Unipetrol shareholding interest will increase to 67.555% of the share capital. Moreover Unipetrol will secure the Qualified majority (QM) of votes in Česká rafinérská with 67.5% threshold.

ČESKÁ RAFINÉRSKÁ, a.s. operates refineries in Litvínov and Kralupy, currently the only two running refineries in the Czech Republic, with a total conversion capacity of 8.7 million tons of crude oil per year. The company is a joint venture (JV) of three shareholders as of 7 November 2013: UNIPETROL, a.s. 51.22%, ENI International B.V. 32.445% and Shell Overseas Investments B.V. 16.335%. It was established in 1995 and started operating in the processing mode with no sales activities as a cost-plus entity in 2003.

In Prague, 7 November 2013

UNIPETROL, a.s.

Reg. Announc. No. 22/2013