Announcement of Bond Issue by Petrol d.d., Ljubljana

In accordance with an obligation to publish information on the new issue of debt securities by public corporations as defined in Article 129 of the Financial Instrument Market Act (hereinafter referred to as: ZTFI), Petrol d.d., Ljubljana hereby publishes the following information:

On 14th December 2011, PETROL d.d., Ljubljana (hereinafter also referred to as the Issuer) adopted a decision on the issuing of ordinary bonds PET2. The purpose of the bond issue is to finance capital investment activities and adjust the Petrol Groups balance sheet structure.

The initial sale of the bonds will be conducted in accordance with item 3, Article 49 of ZTFI, stipulating that the first paragraph of Article 36 of ZTFI, which lays down the obligation to publish a prospectus for the purpose of offering securities to the public, shall not apply to the offering of securities addressed to investors, each of whom will acquire securities, on the basis of accepting an individual offer, for the purchase price equal to at least EUR 50,000.00. Pursuant to the provisions of ZTFI it is not necessary to publish a prospectus for such an offer.

The bonds will be issued in electronic form and entered in the accounts of bond holders with the central registry of KDD - Central Securities Clearing Corporation, Ljubljana, pursuant to the regulations of KDD. Following the initial sale and entry of bond holders into the central registry of KDD, the issuer will submit to the Securities Market Agency a request for the approval of the prospectus prepared for the admission of the bonds to trading on a regulated market. After obtaining a decision on the approval of the prospectus, the bonds will be listed on the regulated market of the Ljubljana Stock Exchange.

The most important characteristics of the new issue of bonds PET2 by Petrol d.d., Ljubljana are as follows:

• The bonds mature on 20th December, 2016.
• The calculation of interest will begin on 20th December, 2011.
• Interest is due for payment on an annual basis for the previous period. The first payment will be made on 20th December, 2012, and then each 20th December. The last payment will be made upon maturity of the bond on 20th December, 2016. The nominal value of the principal falls due in its entirety and in a single amount when the bond matures.
• The estimated total nominal value of the entire bond issue is EUR 30,000,000.00, but the issuer reserves the right to issue the bonds in an amount that is lower than the estimated nominal value of the entire issue, and the right to issue the bonds in an amount that is higher than the estimated nominal value of the entire issue.
• The nominal value of each bond is EUR 1,000.00. The entire estimated bond issue comprises 30,000 bonds with a denomination of EUR 1,000.00.
• The fixed annual interest rate amounts to 6.75 %.
• The selling price at which the bonds will be subscribed and paid in totals 100.00 % of the bonds' nominal value.
• The bonds are not additionally collateralised or guaranteed. The settlement of obligations arising from the bonds is guaranteed by the issuer with his entire assets. The issuer will neither encumber his assets until all of his obligations arising from the bonds have been settled in full, nor will he allow the assets of his subsidiaries to be encumbered.

Nova Ljubljanska banka d.d., Ljubljana performs on behalf and by authority of Petrol d.d., Ljubljana all services and activities in connection with the arrangement and implementation of the first sale of bonds, issuing of bonds in electronic form and entry in the central registry of KDD, and listing of bonds on the regulated market.

Management Board of Petrol d.d., Ljubljana