PBF Announces Election of Dennis Houston to Its Board of Directors

PBF Energy Company LLC (“PBF”) announces the election of Dennis Houston to its Board of Directors. Mr. Houston will also serve on the Board of Directors of PBF’s subsidiary, PBF Holding Company LLC.

Mr. Houston has approximately 40 years experience in the oil and gas industry, including over 35 years with ExxonMobil and its related companies. At the time of his retirement from ExxonMobil, Mr. Houston held the positions of Executive Vice President Refining & Supply Company, Chairman and President of ExxonMobil Sales & Supply LLC, and Chairman of Standard Tankers Bahamas Limited. Mr. Houston’s experience also includes engineering and management positions in Exxon’s refining organization, and positions in Lubes and Supply.

Thomas D. O’Malley, PBF’s Chairman, said “We are very pleased to have Mr. Houston join PBF’s Board. He brings a wealth of experience and industry knowledge which will be of great value as we continue to grow the Company.”

PBF’s principal owners are The Blackstone Group and First Reserve Corporation.

About PBF Holding:

PBF, through its operating subsidiaries, owns and operates three oil refineries and related facilities in North America. The refineries, located in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio have the capacity to process approximately 540,000 barrels of crude oil daily. PBF also seeks to identify attractive acquisition opportunities in the petroleum refining industry and execute acquisitions that provide superior returns to our investors, provide employees with a safe and rewarding workplace, and become a positive influence in the communities where we do business. Further information is available at www.pbfenergy.com.

About Blackstone:

Blackstone is one of the world’s leading investment and advisory firms and is an experienced and active investor in the energy and natural resources sector. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.

About First Reserve Corporation:

First Reserve is the world’s leading private equity firm in the energy industry, making both private equity and infrastructure investments throughout the energy value chain. For more than 25 years, it has invested solely in the global energy industry, and has developed an unparalleled franchise, utilizing its broad base of specialized energy industry knowledge as a competitive advantage. The firm is currently investing its most recent fund, which closed in 2009 at approximately $9 billion. First Reserve invests strategically across a wide range of energy industry sectors, developing a portfolio that is diversified across the energy value chain, backing talented management teams and building value by building companies. Further information is available at www.firstreserve.com.