Gunvor Group Ltd announced the launch of the syndication of a US$900 million revolving credit facility in favor of Gunvor International B.V. and Gunvor SA (the "Borrowers"). The facility will replace the maturing tranche of the Borrower's revolving credit facility dated 6 December 2013 and be used to finance general corporate and working capital requirements.

The first revolving credit facility for Gunvor in Europe was launched in 2008 and is now complemented by the Group's borrowing base facilities, as well as Gunvor's US$ 500 million bond and its Asian Revolving Credit Facilities. These facilities support Gunvor's established and continuing global growth strategy, which consists of geographic expansion, product diversification, and investments along the value chain.

ABN AMRO Bank N.V. ("ABN AMRO"), Credit Suisse AG ("Credit Suisse"), DBS Bank Ltd, ING Bank N.V. ("ING"), Natixis, Rabobank, Société Générale Corporate & Investment Banking, and UBS AG (together the "Bookrunning Mandated Lead Arrangers") have been mandated to arrange the Facility. ABN AMRO, ING, Natixis, Rabobank and Société Générale Corporate & Investment Banking will act as Active Bookrunners and Credit Suisse as Facility and Swingline Agent.

The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA:

• Tranche A: 364-day revolving credit facility
• Tranche B: 3-year revolving credit facility

Founded in 2000, Gunvor Group (the "Group" or "Gunvor") is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure-refineries, pipelines, storage, terminals, mining and upstream-Gunvor further generates sustainable value across the global supply chain for its customers.