Market Overview

Aegean Marine Petroleum Network Inc. Plan of Reorganization Confirmed by Court


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") has confirmed its plan of
reorganization (the "Plan"), subject to minor modifications. This
development paves the way for the Company to emerge from Chapter 11
restructuring next week as a wholly-owned subsidiary of Mercuria Energy
Group Limited ("Mercuria"), one of the world's largest independent
energy and commodity companies.

The Plan was the result of the Company's successful global settlement
with its various creditor groups, including Mercuria, the Official
Committee of Unsecured Creditors of Aegean, American Express Travel
Related Services Company, Inc., and certain holders of the Company's
unsecured convertible notes.

"The Court's confirmation of the Plan is the culmination of a
comprehensive restructuring of the Company's operations and capital
structure that positions the business to excel under Mercuria's
ownership. This successful stabilization of the business would not have
been possible but for the dedication of the leadership and employees of
Aegean." said Tyler Baron, Aegean Board Director.

Added Baron, "With the support of Mercuria and our creditors, Aegean
will emerge from the Chapter 11 restructuring significantly deleveraged,
having reduced its funded debt by approximately 80%. Under Mercuria's
ownership, we will also have greater liquidity and supply capabilities
than ever before and can serve our customers with a much broader suite
of services. On behalf of the Aegean team, I want to thank all of our
stakeholders for their support throughout this process."

Donald Moore, Chairman of the Aegean Board, said, "The page has finally
and conclusively been turned on the Company's past issues and their
resultant challenges, with all eyes now on the substantial long-term
opportunities ahead. We are very pleased to have taken the necessary
actions to save Aegean and, in an expedited manner, restore a key player
in the global market and position it for long-term success."

The Company commenced its Chapter 11 process on November 6, 2018, with
the support of Mercuria, reorganizing in order to improve its liquidity
and position the Company for long-term success. The Company has
continued its normal-course operations throughout the process.

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:

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