Petrol AD NOTICE TO NOTEHOLDERS (1150V)

TIDM74JJ

RNS Number : 1150V

Petrol AD

13 April 2016

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

PETROL AD

(incorporated in the Republic of Bulgaria with limited liability)

EUR100,000,000

8.375% per. cent. Guaranteed Notes due 2017

Guaranteed by

Naftex Petrol EOOD

(incorporated in the Republic of Bulgaria with limited liability)

N O T I C E

"Petrol" AD (the "Company") is hereby informing the holders of the EUR100,000,000 8.375 per cent. Guaranteed Notes due 2017, issued by "Petrol" AD and guaranteed by "Naftex Petrol" EOOD (ISIN: XS0271812447) (the "Notes") of the following matter:

On March 25, 2016 the Company has received a notice of resignation from The Bank of New York Mellon as a Trustee, pursuant to the Trust Deed, dated October 26, 2006 and the two supplemental trust deeds dated October 6, 2011 and January 6, 2012. The Trustee's resignation is due to take effect on 22(nd) May 2016.

On March 25, 2016 the Company has received a notice of resignation from The Bank of New York Mellon as a Principal Paying and Transfer Agent and the Registrar (together the Agents), pursuant to the Agency Agreement, dated October 26, 2006. The Agent's resignation is due to take effect on 22(nd) May 2016.

The Company is in the process of adopting another trust corporation as successor Trustee and successor Agent.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY SECURITIES OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

April 13, 2016

   Milko Dimitrov                                                    Georgi Tatarski 
   Executive Director of Petrol AD                          Executive Director of Petrol AD 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 13, 2016 11:29 ET (15:29 GMT)