Rompetrol Rafinare S.A. — M&A Activity 2016

Dec 15, 2016

	KazMunayGas International
	ROMPETROL RAFINARE S.A.
$\overline{z}$	INTRARE Nr. 12101 $15$ $12 - 2016$

To: FINANCIAL SUPERVISORY AUTHORITY BUCHAREST STOCK EXCHANGE

Current report submitted in compliance with the National Securities Commission no. 1/2006

Report date: December 15th, 2016

ROMPETROL RAFINARE S.A.

Registered Seat: Năvodari, 215 Năvodari Blvd. (Administrative Facility), Constanta County Telephone number: 0241/506100 Fax number: 0241/506930; 506901 Number of registration with the Trade Registry: J13/534/1991 Sole Registration Code: 1860712 Subscribed and paid-up capital: 4.410.920.572,60 lei Regulated market on which the securities are traded: BUCHAREST Stock Exchange (market symbol RRC)

Significant event to report: KMG International NV (KMGI), the major shareholder of the company Rompetrol Rafinare SA, announces that negotiations between the National Company KazMunayGas of Kazakhstan (KMG NC) and Chinese company CEFC (China Energy Company Limited) for the transaction of buying 51% of KMG International NV shares have reached the final stage.

Thus, an agreement between KMG NC and CEFC stating the strong commitment to pursue the transaction is expected to be signed, along with a restated set of documents, thus confirming the solid partnership between the two companies.

The assets owned and operations carried out by KMGI in Europe and in the Black Sea region will serve as a development platform that will target both the increasing of operational and financial performance of KMGI and expanding at the international level of dedicated activities and operations performed by CEFC.

The strategic partnership will deliver benefits for KMG NC, CEFC and KMG International and will establish the necessary framework for future joint projects and will contribute to the economic and social growth of the areas where those projects will be implemented, most of them being in Romania

General Manager

Yedil Utekov

KMG International N.V. World Trade Center Strawinskylaan 807, Tower A, 8th floor 1077XX Amsterdam, The Netherlands

Tel.: +31 205 75 23 90 the delivery Allen Corp.

Fax: +31 205 75 23 99 www.kmainternational.com Realstered at the Chamber of Commerce Amsterdam: No: 24297754