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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 261 50 00
Fax:
Fax +41 58 261 50 01
Email:
Web:
www.baerkarrer.ch
Geneva, Lugano, Zug, Zurich

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21 May 2008 - Petroplus lists USD 500 million guaranteed convertible bonds

September 2008

On 21 May 2008, the 3.375% guaranteed bonds due 2013 in the amount of USD 500 million convertible into shares of Petroplus Holdings AG, the largest independent refiner and wholesaler of petroleum products in Europe, was listed on the main segment of the SWX Swiss Exchange.

The convertible bonds were issued in March 2008 by Petroplus Finance Limited, a Bermuda subsidiary of Petroplus Holdings AG in a private placement. Petroplus Holdings AG was advised by Bär & Karrer who acted as Swiss legal counsel. The Bär & Karrer team comprised partners Michael Trippel and Gianpaolo Arrigoni and associates Sten Rasmussen, Ariane Riedi Wirth and Othmar Aeschi. Freshfields Bruckhaus Deringer acted as international legal counsel to Petroplus Holdings AG. Cravath, Swaine & Moore acted as international legal counsel and Homburger as Swiss legal counsel to Morgan Stanley and Credit Suisse, joint bookrunners for the private placement of the convertible bond.

For more information please visit www.baerkarrer.ch   

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