MEDIA UPDATE For Immediate Release

Gull drops prices again

Still leading the market, and the majors

Auckland, 21June 2012 - Gull today announced a further price drop at the pump.

“Gull strives to offer the best value to Kiwi motorists,” says Graham Stirk, Retail Manager of Gull New Zealand.

”Falling oil prices and a steady exchange rate have enabled us to pass on these savings at the pump.”

Pump prices at sites where Gull controls the price are

Grade

Manned Site

Unmanned Site

Regular (91 octane)

$1.959

$1.929

Force 10 (98 octane)

$2.089

$2.059

Low Sulphur Diesel

$1.389

$1.359

ENDS