Park has celebrated the official opening of its fuel import and distribution terminal in Kooragang Island, Newcastle, NSW Australia on 10 September 2015. The AUD $40 million investment by Park will initially import and distribute diesel fuel for the Hunter and northern NSW markets with the potential for marine bunkers in the future.

PRESS RELEASE

Date of Release – 10/09/15

Park Fuels Announces Opening of Newcastle Fuel Terminal

Park has celebrated the official opening of its fuel import and distribution terminal in Kooragang Island, Newcastle, NSW Australia on 10 September 2015. The AUD $40 million investment by Park will initially import and distribute diesel fuel for the Hunter and northern NSW markets with the potential for marine bunkers in the future.

The terminal project consisted of rebuilding two existing 25 million litre tanks that had laid idle for over 3 decades as well constructing a 2km long pipeline from the Port of Newcastle’s Kooragang berths to the terminal and providing a 2 bay truck filling station, biodiesel tank and other related infrastructure.

The terminal will operate 24/7 and initially employ a full time staff of 9 people supplemented by local labour when required to unload ships.

Nick Fletcher, Park’s Managing Director, said "The new facility will provide an excellent competitive service for existing and new customers and complement the fuel terminal we have been operating in Port Kembla south of Sydney for over 15 years.

The official opening is a time for us to all reflect and to congratulate Park staff and all our contractors on the hard work they have done to bring this project to fruition. Also special thanks to Mitsui who have supported this project from its inception"

Further information for the press:

Nick Fletcher, Managing Director, Park Pty Ltd

Tel. +61 438 665887

Email nickf@parkfuels.com.au

Web www.parkfuels.com.au

Park is an independent and Australian owned fuel supply and distribution company established in 2000. Over the past 15 years it has grown into a broad based enterprise specialising in three main business areas:-

• Bulk & wholesale diesel, biodiesel, E10 & marine fuels.
• Terminalling & storage.
• Retails service stations.

Park own and operate its whole supply chain including import terminals at Port Kembla and now Newcastle, wharf pipeline infrastructure, inland depots, large trucking fleet and dedicated sales team providing unsurpassed benefits to customers including:-

• Reliability of supply.
• Competitive prices.
• Quality control.
• Flexible terms of trade.
• A friendly "can do" attitude.
• Oversight of the entire supply chain