Announcement of Petrol Group's Estimated Results for the first three months of 2012

PETROL ACHIEVED GOOD RESULTS AGAIN THIS YEAR

The Petrol Group continues to perform well - in the first quarter of 2012 the Group achieved good business results despite the fact that both the domestic and the EUs economic situation is still tough, and oil prices are constantly rising on the world market. Petrol will continue to follow its key strategic goals of providing growth, enhanced profitability and financial stability of the Group.

The Petrol Group is estimated to have generated sales revenues of EUR 903 million, up 21% from in the same period of 2011. Gross profit is estimated at EUR 87 million, up 11% from the same period of 2011.

EBITDA for the first three months of 2012 is estimated to have increased by 14% to EUR 33.4 million compared with the same period of 2011. The Petrol Group is estimated to have generated net profit of EUR 12.9 million, up 32% from the same period of 2011.

The Petrol Group is estimated to have sold 598 thousand tonnes of oil products in the first three months of 2012, up 9% from the same period of the previous year. Revenues from sales of merchandise amount to EUR 129m, 17% above the figure achieved in the same period of 2011. 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, 4 in Kosovo and 6 in Montenegro.

In the first three months of 2012, the Petrol Group operated 30 gas supply concessions. In the first three months of 2012, the Petrol Group is estimated to have sold 51 million m3 of natural gas, up 3% from the same period of the previous year, and 17 thousand tonnes of liquefied petroleum gas, up 29% from the same period of the previous year. The Petrol Group is estimated to have sold 522 thousand MWh of electricity, exceeding by 106% the quantities sold in the same period of the previous year.

The Supervisory Board of Petrol d.d., Ljubljana will discuss the report on Petrol Groups results for the first three months of 2012 at its meeting scheduled to take place on 17th May, 2012. After the meeting, the complete report will be published on the companys website and on the Ljubljana Stock Exchange SEOnet.