Paul Hastings Advises Petron Corporation and Petron Corporation Employees Retirement Plan on US$176 Million Share Placement

February 06, 2012

Hong Kong (February 6, 2012) - Paul Hastings, a leading global law firm, announced today that it advised Petron Corporation (Petron), the largest integrated oil refining and marketing company in the Philippines, and Petron Corporation Employees Retirement Plan (PCERP) on the US$176 million international placement of Petron shares by PCERP on January 18, 2012.

Credit Suisse, UBS and Standard Chartered were the placement agents for the transaction.

The Paul Hastings team was led by partners Patricia Tan Openshaw and Steven D. Winegar, with support from associate Jordan Baggs.

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.