Refinery shutdown update

Refining NZ
Port Marsden Highway, Ruakaka, Northland 0171, Private Bag 9024, Whangarei 0148, New Zealand
Telephone: +64 9 432 5100 Email: corporate@refiningnz.com www.refiningnz.com
28 May 2018

Announcement to NZX

Refinery shutdown update

The overall shutdown is progressing well with the total refinery shut phase completed to plan. Of the five
distinct work fronts four are on plan
1
. Some emergent maintenance work has been identified over the
weekend in the hydrocracker work front. This means that the 39 day shut phase of the hydrocracker unit
will be extended to around 48 days in total.
The impact of the emergent work is a reduction in NPAT of around $5-$7 million and in throughput of
around 500,000 barrels.

Further information:
Greg McNeill
Communications and External Affairs Manager
T: 094325115; M: 021 873623; E: greg.mcneill@refiningnz.com



1
For a description of the shutdown work fronts see page 12 of the FY 2017 analyst pack.
http://www.refiningnz.com/investor-centre/reports--announcements/analysts-reports.aspx