GENEVA, SWITZERLAND -- (Marketwire) -- 12/13/12 -- Gunvor Group ("Gunvor Group" or the "Company") has signed its USD $1,160,000,000 Revolving Credit Facility (the "Facility") in favour of Gunvor International B.V. ("Gunvor International") and Gunvor SA, (together the "Borrowers"). The Facility, oversubscribed by 45 percent, draws on an expanded pool of banks, as Gunvor continues to see new support for its operations.

The Facility was arranged by ABN AMRO Bank N.V., Credit Agricole Corporate and Investment Bank ("Credit Agricole CIB"), Credit Suisse AG, ING Bank N.V. ("ING Bank"), Natixis, Rabobank International ("Rabobank"), and Societe Generale Corporate & Investment Banking (together the "Bookrunning Mandated Lead Arrangers"). ABN AMRO Bank N.V., Credit Agricole CIB, ING Bank, Rabobank and Societe Generale Corporate & Investment Banking were Active Bookrunners.

The Facility, which is guaranteed by the Company, will be used for general corporate purposes and to refinance the Borrowers' 3-year revolving credit facility dated 21 June 2011 and the USD $852,000,000 revolving credit facility extended by 6 months on 19 June 2012 (the "Existing Facilities").

The Facility available to the Borrowers, which was launched at USD $800,000,000, was significantly oversubscribed after syndication and subsequently increased to USD $1,160,000,000, consists of 2 tranches split as follows:

--  Tranche A: USD $1,050,000,000 364-day revolving credit facility  
--  Tranche B: USD $110,000,000 3-year revolving credit facility 

Together with the oversubscribed and increased USD $635,000,000 364-day Asian Facility for Gunvor Singapore signed in June 2012 this Facility evidences Gunvor's successful strategy to grow and diversify its financing to support new investments and existing operations.

The participating banks in the Facility are as follows:

Mandated Lead Arrangers and Bookrunners                                     
    ABN AMRO Bank N.V.                                                      
    Credit Agricole CIB                                                     
    Credit Suisse AG                                                        
    ING Bank N.V.                                                           
    Natixis                                                                 
    Rabobank International                                                  
    Societe Generale Corporate & Investment Banking                         
                                                                            
Senior Mandated Lead Arrangers                                              
    KfW IPEX-Bank                                                           
    UBS                                                                     
                                                                            
                                                                            
Mandated Lead Arrangers                                                     
    DBS Bank                                                                
    Sumitomo Mitsui Banking Corporation                                     
    The Royal Bank of Scotland plc                                          
    Unicredit Bank AG                                                       
    VTB Bank (Austria)                                                      
                                                                            
Lead Arrangers                                                              
    Raiffeisen Bank International                                           
    State Bank of India                                                     
    Banco Do Brasil S.A.                                                    
    Bank Leumi                                                              
    Garanti Bank International                                              
    National Australia Bank                                                 
    Nedbank                                                                 
                                                                            
Arrangers                                                                   
    Banque Cantonale de Geneve                                              
    China Construction Bank                                                 
    Deutsche Bank                                                           
    Gulf International Bank                                                 
    Industrial and Commercial Bank of China                                 
    ABC International Bank                                                  
    Banque de Commerce et de Placements                                     
    BHF Bank                                                                
    Commerzbank                                                             
    DZ Bank                                                                 
    Hua Nan Commercial Bank                                                 
    UBAF                                                                    
                                                                            
Lead Manager                                                                
    Mega International Commercial Bank                                      
                                                                            

About Gunvor

Gunvor Group is one of the world's largest independent commodity trading companies by turnover, providing integrated trading products and logistics services for participants in the worldwide oil and energy markets. The Group's main trading offices are in Geneva, Singapore, Nassau and Dubai, with a network of representative offices around the globe. Follow Gunvor on Twitter: @Gunvor.