Market Overview

Aegean Marine Petroleum Network Inc. Receives Court Approval of "First Day" Motions to Support Business Operations


Company Has Access to Substantial Capital to Support Restructuring
Process and Operate Business in the Normal Course

$681 Million Acquisition Proposal Filed with the Court Identifying
Mercuria as Stalking Horse Bidder

Aegean Marine Petroleum Network Inc. (NYSE:ANW) ("Aegean" or the
"Company") announced today that the U.S. Bankruptcy Court for the
Southern District of New York (the "Court") granted interim approval of
all the Company's first day motions related to its voluntary Chapter 11
restructuring. The approvals by the Court immediately improve the
Company's liquidity position, and ensure that suppliers, vendors, and
employees, among other critical partners, continue to be paid in the
normal course of business.

Through the Court approvals, the Company has access to substantial
capital during the restructuring process provided by the $532 million
Debtor-in-Possession credit facility ("DIP") funded by Mercuria Energy
Group Limited ("Mercuria"), including an initial $40 million of
incremental cash over the next 30 days to support operations.

"The Company continues to operate in the normal-course and all payments
to suppliers and vendors have been made and will continue to be made
during the relatively short anticipated duration of the Chapter 11
process," said Donald Moore, Chairman of the Aegean Board. "The Court's
approval of our First Day motions is an important step forward in the
restructuring process and enables access to incremental liquidity
enabling the Company to continue to provide customers high quality
service across our global network."

The Company and certain of its subsidiaries filed voluntary petitions
for relief under Chapter 11 of the US Bankruptcy Code on November 6,
2018, with the support of Mercuria, a key strategic partner and one of
the world's largest independent energy and commodity companies.

In addition to providing the DIP to fund the Chapter 11 process and the
Company's working capital needs, Mercuria is also acting as the stalking
horse bidder in a sale process designed to maximize the value of the
Company as a going concern. The Asset Purchase Agreement, including the
$681 million stalking horse bid proposed by Mercuria, has been filed
with the Court.

In connection with its restructuring efforts, Kirkland & Ellis LLP is
acting as legal counsel to Aegean, Moelis & Company LLC is acting as
investment banker to Aegean, and EY Turnaround Management Services LLC
is acting as restructuring advisor to Aegean.

Additional Information

Additional information about the Chapter 11 cases, court filings and
other documents related to the Chapter 11 cases are available on a
website administered by the debtors' claims and noticing agent, Epiq
Corporate Restructuring, LLC, at

About Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. is an international marine fuel
logistics company that markets and physically supplies refined marine
fuel and lubricants to ships in port and at sea. The Company procures
product from various sources (such as refineries, oil producers, and
traders) and resells it to a diverse group of customers across all major
commercial shipping sectors and leading cruise lines. Currently, Aegean
has a global presence in more than 30 markets and a team of
professionals ready to serve its customers wherever they are around the
globe. For additional information please visit:

Cautionary Statement Regarding Forward-Looking Statements

This release contains "forward-looking" statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Statements that are predictive in nature,
that depend upon or refer to future events or conditions, or that
include words such as "expects," "anticipates," "intends," "plans,"
"believes," "estimates," "will," and similar expressions are
forward-looking statements. These forward-looking statements relate, in
part, to the risks and uncertainties relating to the ability of the
Company to continue as a going concern; the debtors' ability to obtain
approval by the bankruptcy court of the relief requested in the first
day motions, for DIP financing, any sale, and any plan of reorganization
of the Company, among other things; the ability of the debtors to
develop and consummate one or more plans of reorganization with respect
to the Chapter 11 cases; the bankruptcy court's rulings in the Chapter
11 cases and the outcome of the Chapter 11 cases in general; the length
of time the debtors will operate under the Chapter 11 cases; risks
associated with third-party motions in the Chapter 11 cases; the
potential adverse effects of the Chapter 11 cases on the debtors'
liquidity, results of operations or business prospects; the ability to
execute the Company's business and restructuring plan; increased legal
costs related to the Chapter 11 cases and other litigation; the inherent
risks involved in a bankruptcy process; and the other risks and
uncertainties disclosed in the Company's filings with the SEC. Given the
risks and uncertainties inherent in forward-looking statements, you are
cautioned not to place undue reliance on such forward-looking
statements. Forward-looking statements speak only as of the date on
which the statements are made. Aegean undertakes no duty, and expressly
disclaims any obligation, to update these forward-looking statements to
reflect any future events, developments or otherwise.

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