Notice from Petrol d.d., Ljubljana Concerning Important Facts
On 16 November 2016, the company PETROL d.d., Ljubljana (hereinafter: Petrol) received a notice from the District Court of Ljubljana concerning a submitted application for the commencement of bankruptcy proceedings (hereinafter: the notice) proposed by the company H12 dejavnost holdingov d.d., Ukmarjeva ulica 6, 1000 Ljubljana (hereinafter: H12) against Petrol.
The application for the commencement of bankruptcy proceedings being unfounded, Petrol immediately lodged an appeal against it, and we are certain it will be rejected or dismissed by the Court at the earliest time possible. Petrol has no business relations with H12 and no liabilities to this company, as indicated in reports, which are publicly available.
Petrol has already initiated necessary procedures against H12 and the persons in charge, and will continue to pursue all legal remedies in order to protect its interests.
The company Petrol d.d., Ljubljana and the Petrol Group operate at a profit and regularly settle their liabilities to all creditors. On 24 June 2016, Standard & Poor's Ratings Services affirmed Petrol's "BBB-" long-term credit rating, its "A-3" short-term credit rating and its "stable" credit rating outlook.
Management Board of Petrol d.d., Ljubljana