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Rubis: strong increase in sales-revenues 4th quarter 2008: + 26% full year 2008: + 40%: €1 193 million

02|10|2009

Rubis has recorded a strong increase in sales-revenues during the fourth quarter ending December 2008: €329 million, up +26%. At constant structure, sales-revenues growth reaches 13%.

Rubis has reported continuous progresses and performances, taking advantage of falling oil prices and strong demand in storage and logistics revenues. Rubis' business profile - primary energy demand and basic products logistics - is proving quite immune from the depressed economic conditions.

During full year 2008, Group's sales-revenues step over the one billion figure, reaching €1 193 million, up 40% over 2007.

 Fourth Quarter   Cumulative 12 months 2008   
Sales-revenues in €M  2008  Change/ 2007  2008  Change/ 2007  
RUBIS ENERGIE  246  +20%  895  +30%  
Europe  115  +37%  356  +66%  
Caribbean  117  +11%  478  +15%  
Africa  14  -8%  61  +10%  
RUBIS TERMINAL  83  +50%  298  +79%  
Bulk liquid storage  22  +14%  78  +15%  
Wholesale  61  +69%  220  +125%  
Consolidated sales-revenues  329  +26%  1 193  +40%  

LPG and fuels distribution - Rubis Energie

With recorded sales-revenues of €246 million, volumes traded at final distribution level on fourth reached 192 000 tonnes-cbm, up19%. At constant perimeter (excluding Channel Islands contribution) volumes are quite stable across the three geographical zones: Europe (-0.5%), Caribbean (+1.1%) Africa (-2.9%). The collapse in oil prices since July 2008 has had a positive impact on the Group by allowing progresses in unit margin and reducing considerably customer's relative cost of energy.

Bulk liquid storage- Rubis Terminal

Storage rental-revenues, Rubis Terminal main profit contributor, recorded an acceleration of its activity across its segments and more particularly on fertilizers and edible business.-. Rental revenues in France are up 15%, while increased contribution from the brand new terminal of Rotterdam brings global revenues performance up 29%.

Over full 2008 year, total rental-revenues are up 15% at €78 million.

During fourth quarter 2008, total branch sales-revenues increased by 50% boosted by wholesale activity, up 70% at €61 million.

Upcoming publication: Annual 2008 - 11 March 2009

Press Contact COMFIDANCE - Véronique DUHOUX Tel : +33 1 56 21 20 19 veronique.duhoux@comfidance.com

Analyst Contact RUBIS - Bruno Krief Tel : +33 1 44 17 95 95 rubis@rubis.fr