Gunvor Announces Launch of $750m Revolving Credit Facility

GENEVA, May 6, 2010 - Gunvor International B.V. ("Gunvor International" or the
"Company") is pleased to announce the launch of a US$750,000,000 Revolving
Credit Facility (the "Facility") in favour of Gunvor International and Gunvor
Singapore Pte Ltd ("Gunvor Singapore").

BNP Paribas, Crédit Agricole Corporate and Investment Bank,
Credit Suisse AG, Fortis Bank (Nederland) N.V., ING Bank, Natixis,
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as "Rabobank
International") and Société Générale Corporate & Investment Banking (together
the "Bookrunning Mandated Lead Arrangers") have been mandated to arrange the
Facility.

This Facility will be used for general corporate purposes and to
refinance the Company's existing US$600,000,000 364-day revolving credit
facility dated 30th June 2009. The Facility will consist of 2 tranches split
as follows:

- Tranche A: a 364-day revolving credit facility available to
Gunvor International ; and

- Tranche B: a 364-day revolving credit facility available to
Gunvor Singapore and guaranteed by Gunvor International.

The Facility carries a margin of 185bp p.a.

The following tickets are on offer:

    Status                      Amount
    Mandated Lead Arranger      US$50,000,000
    Lead Arranger               US$35,000,000
    Arranger                    US$25,000,000
    Co-Arranger                 US$10,000,000

The Company will hold bank meetings on Wednesday 12th May 2010 in
Singapore and on Tuesday 18th May in Geneva.

About Gunvor

Gunvor International B.V.is registered in Amsterdam with a major trading
operation in Geneva. The Group has a number of other offices and entities
around the world, with Asian operations being handled out of Singapore. As
one of the world's major independent energy trading companies, it is a market
leader in the trade, transport, storage and optimization of global oil and
petroleum products. Leveraging Gunvor's trading infrastructure and market
presence, it is developing a Global Energy Portfolio to become a leading
market player in the global energy markets.

    For more information:
    M: Communications
    Stuart Leasor:
    Tel: +44-(0)20-7920-2317

    Société Générale Corporate & Investment Banking
    Stuart Fidler
    Tel: +44-(0)20-7676-6709

For more information: M: Communications, Stuart Leasor: Tel: +44-(0)20-7920-2317,
Société Générale Corporate & Investment Banking, Stuart Fidler, Tel: +44-(0)20-7676-6709,