[letterhead]


NZX Announcement



24 March 2016


Margin Update

This is to inform the market that we have experienced operational issues with the hydrocracker unit resulting in the identification of a modest amount of emergent repair. The repairs will be undertaken concurrently with the upcoming shutdown. The estimated impact on processing fee revenue is in the order of NZ$7-$8 million.


ENDS


For further information: Greg McNeill

Communications and External Affairs Manager

T: 094325115; M: 021 873623; E: greg.mcneill@refiningnz.com

The New Zealand Refining Company Limited issued this content on 24 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 March 2016 02:39:08 UTC

Original Document: http://www.refiningnz.com/media/104744/nzx_announcement_-_margin_update_-_24th_margin_2016.pdf