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Press Release

Reduction of Nameplate Capacity at Yokkaichi Refinery

March 11, 2014
Cosmo Oil Co., Ltd.
Corporate Communications Dept.
Public Relations Office

Cosmo Oil Co., Ltd. (President and CEO: Keizo Morikawa) announce its decision to reduce the nameplate capacity at Yokkaichi Refinery as described in the chart below.

This decision is to tentatively conform to the "Sophisticated Methods of Energy Supply Structures" regulation. The company has submitted the necessary documents today which have been duly received by the Ministry of Economy, Trade and Industry.

1.Reduction of Crude Distillation Capacity

Refinery

CDU Capacity after Reduction

Reduction Amount

Chiba

240,000 barrels/day

No change

Yokkaichi

112,000 barrels/day

-43,000 barrels/day

Sakai

100,000 barrels/day

No change

Total

452,000 barrels/day

-43,000 barrels/day

(1 barrel≒159liters)

2.Effective Date

Monday, March 31, 2014

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