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US$520 million Multicurrency Syndicated Revolving Credit Facility Considerably Oversubscribed

 

March 27, 2009

 

Trafigura Beheer B.V., the international commodities trading company, today announces the successful signing of the Company’s multicurrency syndicated revolving credit facility (the “Facility”), which was launched at US$350 million.

 

Following strong support from institutions with an existing relationship with the Company and together with a number of new banks, the Facility was considerably oversubscribed and signed at the increased amount of US$520 million.

 

The Facility serves as a refinancing of the existing 1 year 2008 facility.

 

Trafigura’s chief financial officer Pierre Lorinet said: “The success of the syndication demonstrates once again the strong relationships we enjoy with the banking community as well as the strength of Trafigura’s business model which, despite the difficult market environment, continues to generate strong profitability.“

 

The Facility has a tenor of 364 days, with two 1 year extension options. The Facility can be drawn in multiple currencies and includes the provision of off balance sheet instruments.

 

The Facility follows on from the recent US$200 million syndicated revolving credit facility successfully closed in November 2008 with mainly Asian banks.

 

ENDS

 

For further information please contact:

 

Trafigura press office:

 

Tel: +44 207 009 1509

media@trafigura.com

 

Notes to Editors

Trafigura is one of the world’s leading international commodity traders, specialising in the oil, minerals and metals market, with 54 offices in 37 countries in Europe, Africa, Asia, Australia, and North, Central and South America. Its principle corporate offices are in Amsterdam, London and Lucerne.

 

Trafigura’s primary trading businesses are the supply and transport of crude oil, petroleum products, natural gas, liquefied natural gas, metals (including copper, lead, zinc and aluminium) and metal ores and concentrates.

 

It is the world’s second largest independent non-ferrous trading company and the third largest independent oil trader.

 

Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in the last five years, growing turnover from US$12 billion in 2003 to US$73 billion in 2008.

 

For further information go to: www.trafigura.com