ExxonMobil Affiliates Sell Shares of Malaysian Downstream Businesses to San Miguel Corporation

ExxonMobil XOM affiliates and San Miguel Corporation have reached agreements for the sale of ExxonMobil's interest in three businesses operating in the Malaysian Downstream petroleum sector. The agreements includes ExxonMobil's 65% stake in the publicly traded company Esso Malaysia Berhad (EMB), which operates the Port Dickson refinery, as well as its wholly-owned ExxonMobil Malaysia Sdn Bhd (EMMSB) and ExxonMobil Borneo Sdn Bhd (EMBSB) affiliates which are involved in the retail, industrial and wholesale and aviation fuels businesses. These refining, distribution and fuels marketing businesses will continue to operate as they do today under the new shareholder. The transaction has no impact on ExxonMobil's Upstream interests in Malaysia, where it is active in petroleum and natural gas exploration and production through its affiliate ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI). Also excluded from this transaction are the marketing and sales of chemicals, lubricants, and asphalt products, and the operations of the ExxonMobil Kuala Lumpur Business Support Center.