Vivo Energy Ltd notes an announcement from the Conseil de la Concurrence (“CDC”) in Morocco, following its investigation of the fuel marketing industry.

We confirm that Vivo Energy Maroc has chosen to benefit from a settlement agreement with the CDC to close the outstanding investigation in a constructive and cooperative manner, and prevent lengthy litigation.

Vivo Energy Maroc ensures that it conducts its operations in accordance with the competition laws and regulations at all times, and is committed to maintaining a strong governance framework.

With a strong commitment to Morocco, where the Shell brand has been present for over 100 years, Vivo Energy Maroc will continue to invest in the Kingdom's future to meet the challenges of an ever-changing environment.

ENDS

For further information, please contact:
Issam Sadiq
VP Finance: Treasury
[email protected] 

Rob Foyle
Head of Communications
+44 7715 036 407
[email protected]

About Vivo Energy:

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,650 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants, liquefied petroleum gas (LPG), and solar energy solutions to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,800 people, has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.

For more information about Vivo Energy, please visit www.vivoenergy.com