Zenith Pure Oil further strengthens its retail position in the Czech Republic

The acquisition of LUKOIL’s network of 44 high-throughput service stations in the Czech Republic is in line with Zenith Pure Oil’s retail growth strategy in CEE and it further increases the Group’s market presence within the supply radius of its core refineries.

Together with the recently announced acquisition of the ENI retail network this acquisition will allow Zenith Pure Oil to reach a countrywide presence of 318 service stations and to firmly establish itself among the leading motor fuel retailers in the Czech Republic. Zenith Pure Oil aims to realize wholesale and retail synergies following integration of Lukoil’s network into a combined organisation.

Completion of the acquisition is subject to fulfilment of certain conditions precedent, among others to obtaining merger clearance.

For further information, please contact:

Investor Relations: + 36 1 464 1395

facsimile: + 36 1 464 1335