ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE SHUTDOWN OF ITS PROPYLENE & POLYPROPYLENE PLANTS FOR PERIODIC SCHEDULED MAINTENANCE

Advanced Petrochemical Company (the Company) announces that its Propylene & Polypropylene plants will undergo a periodic scheduled maintenance from February 26, 2018 and February 28, 2018 respectively. Propylene plant will be restarted from March 24, 2018 after the replacement of catalyst and Polypropylene plant will be restarted from March 15, 2018 by utilizing available, as well as outsourced Propylene.

It may be worth mentioning that such shutdowns for periodic maintenance should not be considered as an opportunity loss, since its planned in advance in accordance with normal industrial practice for carrying out required routine and preventive maintenance to improve the efficiency and reliability of operations and the effects have been taken into account in the preparation of the budget for 2018, both in terms of the quantity of production as well as revenues. The financial impact depending on the expected prices of Polypropylene and feedstock will be reflected in the financial results of the first quarter of 2018.

The Company will announce any new updates and progress in this regard as they occur.