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Press Release

Reciprocal backup supply system in the case of an emergency
with Hyundai Oilbank

May 9, 2013
Cosmo Oil Co., Ltd.
Public Relations Office

Cosmo Oil Co., Ltd. (Representative Director and President : Keizo Morikawa) and Hyundai Oilbank Co., Ltd.(President and CEO : Kwon, Oh-gap) (Hereinafter,HDO) are pleased to announce that Cosmo Oil and HDO have agreed to cooperate closely in establishing reciprocal backup supply system in the case of an emergency such as natural disaster in order to meet public need for stable energy supply which is growing rapidly.

Cosmo Oil and HDO, as a primary energy supplier, intend to contribute to stable supply of petroleum product in the case of emergency by establishing supply system jointly including backup supply of petroleum product.

Date of Agreement May 9, 2013
Contact term 2 years from May 9, 2013
(The term is automatically extended for successive periods of one year each)
Main areas of
1. Supply
: Backup supply and/or swap of crude oil, petroleum product and intermediate petroleum product in the case of supply disability
2. Processing
: Toll processing in the case of difficulty in processing
3. Transportation
: Accommodation of transportation function through oil tanker in the case of difficulty in transportation

Cosmo and HDO have a partnership in a wide range of fields such as para-xylene production by Hyundai Cosmo Petrochemical (a joint venture company between Cosmo and HDO), technical cooperation and R&D and will further enhance the partnership through this reciprocal backup supply system.

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