On January 22, 2010, Crédit Agricole CIB structured an equity line agreement for Rubis. This agreement guarantees for the company successive capital increases whose cumulative amount can reach 10% of the equity capital (around EUR 60 million at the current price).

Each capital increase will be for at least 1% or the free float and will be a function of the liquidity observed during the market sessions preceding Rubis’s request for a draw. The shares subscribed by Crédit Agricole CIB will be sold on the market.

These capital increases could be triggered over an initial period of 18 months that could then be extended to three years.

This innovative way of equity financing enables Rubis to broaden and augment the flexibility of the means it currently has at its disposal. In particular it is intended to finance terminal construction projects in Northern Europe (Rotterdam and Antwerp) as they progress.

This mandate has strengthened Crédit Agricole CIB’s position with Rubis and bolstered its relationships in equity markets.