General Announcement::EXECUTION OF AGREEMENT WITH MARATHON

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Jun-2019 20:19:47
Status
New
Announcement Sub Title
EXECUTION OF AGREEMENT WITH MARATHON
Announcement Reference
SG190625OTHR47I0
Submitted By (Co./ Ind. Name)
RODRIGO CORTINA CORTINA
Designation
CORPORATE LEGAL DIRECTOR
Effective Date and Time of the event
25/06/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)

IENOVA SIGNS NEW LONG-TERM TERMINAL SERVICES AGREEMENT WITH MARATHON PETROLEUM AT ITS MARINE TERMINAL FOR THE RECEIPT, STORAGE AND DELIVERY OF REFINED PRODUCTS IN MANZANILLO, COLIMA


TP Terminals, S. de R.L. de C.V., a joint venture between IEnova and Trafigura controlled by IEnova, signs contract with Tesoro Mexico Supply and Marketing, S. de R.L. de C.V., subsidiary of Marathon Petroleum Corporation (MPC)
The contract allows MPC to use approximately 30 percent of the terminal s new capacity of 2.2 million barrels

Mexico City, June 25, 2019 TP Terminals, S. de R.L. de C.V., a joint venture between IEnova and Trafigura controlled by IEnova, announces the execution of a long-term Terminal Services Agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for 650 thousand barrels, approximately equivalent to 30 percent of the new capacity (2.2 million barrels) of the marine terminal for the receipt, storage, and delivery of gasoline, diesel and jet fuel in Manzanillo, Colima.

The terminal will enable MPC to supply gasoline and diesel to its growing network of ARCO -branded service stations in the country. This marine terminal will expand the supply options, improve the logistics and increase the reliability in the supply of refined products in the demand centers of Manzanillo, Colima area as well as in Guadalajara, Jalisco, which will ultimately benefit consumers.

IEnova will be responsible for all aspects of project implementation, including permitting, engineering, procurement, construction, financing, operations and maintenance of the terminal. With an investment of approximately $285 million U.S. dollars, the terminal is expected to begin commercial operations, subject to the timing of issuance of the permits, in the first quarter of 2021.

As previously announced, the remaining 70% of the terminal s new capacity has been contracted with BP and Trafigura. Subject to executing certain agreements, BP and Trafigura will have the option to acquire up to 49% of the equity of the terminal. IEnova will always maintain at least 51% of the equity.

Currently, IEnova is constructing three terminals and has announced the development of four additional terminals, which is consistent with its commitment to position itself as a leader in refined product transportation and storage, as well as to contribute to the development of energy infrastructure in Mexico. This project demonstrates IEnova s commitment to the development of necessary and critical infrastructure for Mexico, which is part of its strategic asset diversification plan.



About IEnova
IEnova, a Sempra Energy Company, develops, constructs y operates energy infrastructure in Mexico. With more than 1,000 employees and approximately $8.8 billion dollars of total assets, IEnova is present in various business lines across the Mexican energy value chain. IEnova is the first energy infrastructure company to be listed on the Mexican Stock Exchange, and it is the only energy company that is included in the S&P/BMV IPC and in the IPC Sustainability Index.


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