We note Chevron's announcement today that it has signed an underwriting agreement for the sale of its shares in Caltex.

As noted in Chevron's release, the decision to sell has been driven by its broader portfolio review.

Caltex remains committed to its vision of remaining the outright leader in transport fuels in Australia and Chevron's sale will not change this. There will be no change to our ability to reliably and competitively deliver all our customer's fuel requirements. Through Ampol Singapore, Caltex retains its strong supply sourcing capability and Chevron will remain an important supplier.

Analyst contact:
Rohan Gallagher
Investor Relations Manager
P: (02) 9250 5247
rohan.gallagher@caltex.com.au

Media contact:
Sam Collyer
Senior Media and Communications Adviser
P: (02) 92505094
M: 0405 566 273
sam.collyer@caltex.com.au



Caltex Australia
With a commitment to Australia tracing back to 1900, Caltex has grown to become the nation's outright leader in transport fuel. Caltex supplies one-third of all Australia's transport fuels and is unique in this market for being the only major brand listed on the Australian Securities Exchange. Through its comprehensive supply chain, Caltex has forged its reputation for providing safe and reliable supply of high-quality fuels to a diverse number of customer segments, including retail, mining, agriculture, aviation, transport, small-to-medium enterprises, marine, automotive and government. Caltex is also one of Australia's largest convenience retailers and franchisors, with over 85% of its stores operated by franchisees.


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