Supervisory Board discussed report for the first three months of 2012

Ljubljana, 17th May, 2012 - At its 39th meeting held today, the Supervisory Board of Petrol d.d., Ljubljana discussed and approved the Report on the Petrol Groups and Petrol d.d. Ljubljanas results for the first three months of 2012. Despite harsh economic conditions, Petrol achieved good sales results.

The Petrol Group continues to perform well, ending the first quarter with good business results despite still tough economic situation on the domestic, EU and SE European markets where Petrol operates, and constantly rising oil prices on the world market.

The Petrol Groups generated sales revenues of EUR 903 million, which represents an increase of 21% on the first three months of 2011. Gross profit amounted to EUR 87 million, up 11% from the same period of the previous year. Operating profit totalled EUR 24 million, up 13% from the same period of the previous year. EBITDA was EUR 33.4 million, up 14% from the same period of the previous year, and net profit totalled EUR 12.9 million, up 32% from the same period of 2011.

Revenues from sales of oil and merchandise in Slovenia and the EU in the first three months of 2012 amounted to EUR 661 million, exceeding by 21% the figure achieved in the same period of the previous year. Revenues from sales of oil and merchandise products on SE European markets totalled EUR 158 million, exceeding by 5% the figure achieved in the same period of the previous year, and revenues from sales of energy products amounted to EUR 84 million, up 59% compared with the same period of the previous year.

The Petrol Group achieved good financial results in the first three months of 2012 through selling 598 tonnes of oil products, 9% more than in the first three months of 2011, 51 million m3 of natural gas, 3% more than in the same period of the previous year, and 17 thousand tonnes of liquefied petroleum gas, 29% more than in the same period of 2011. The Petrol Group also sold 522 thousand MWh of electricity, which represents an increase of 106% on the first three months of 2011. Revenues from sales of merchandise amounted to EUR 129 million, 17% above the figure achieved in the same period of 2011.

In the discussed period, the Petrol Group operated 30 gas supply concessions. At the end of March 2012, the Petrol Group operated 453 service stations, of which 313 in Slovenia, 86 in Croatia, 37 in Bosnia and Herzegovina, 7 in Serbia, 6 in Montenegro and 4 in Kosovo.

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