Media Release

TPHL Announces Settlement of Exchange Offers and Consent Solicitations

Trinidad Petroleum Holdings Limited (“TPHL”) today announced the final settlement of its previously announced offers to exchange any and all of its outstanding notes, originally issued by Petroleum Company of Trinidad and Tobago Limited (“Petrotrin”), for newly issued debt securities of TPHL (the “Exchange Offers”), upon the terms and subject to the conditions described in the Offering Memorandum, dated April 15, 2019 and amended by the related press releases dated April 29, 2019, May 6, 2019, May 13, 2019, May 24, 2019, May 31, 2019, June 6, 2019, June 20, 2019 and June 25, 2019 ( the “Offering Memorandum”), and the related letter of transmittal (the “Letter of Transmittal”), and to its solicitation of consents to certain proposed amendments to the existing indentures (the “Consent Solicitations”).