Aegean Marine Petroleum Network Inc. Announces Exercise of Option to Purchase Additional Shares

PIRAEUS, Greece, Jan 25, 2010 /PRNewswire via COMTEX/ -- Aegean Marine Petroleum Network Inc. (the "Company") (NYSE: ANW), an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced that in connection with its previously announced public offering of 3,906,000 common shares, the underwriters have exercised in full their option to purchase an additional 585,900 common shares at the public offering price of $32.75 per share less the underwriting discount. The exercise of the option brings the total shares of common stock to be sold by the Company in the offering to 4,491,900 shares. The completion of the offering is expected to take place on Wednesday, January 27, 2010.

As previously announced, the Company intends to use the net proceeds from the sale of the 4,491,900 shares for certain corporate acquisitions and for general corporate purposes.

Goldman, Sachs & Co. and Jefferies & Company, Inc. are serving as joint book-running managers and Dahlman Rose & Company, Stephens Inc., BB&T Capital Markets, Clarkson Johnson Rice, and Lazard Capital Markets are acting as co-managers for the offering.

The common shares are being offered pursuant to the Company's effective shelf registration statement on file with the Securities and Exchange Commission. The offering is being made only by means of a prospectus and related prospectus supplement, which may be obtained, when available, by visiting the Securities and Exchange Commission's website at www.sec.gov or by contacting Goldman, Sachs & Co. (Attention: Prospectus Department), 85 Broad Street, New York, New York 10004; telephone: (212) 902-1171; facsimile: (917) 343-8000; email: prospectus-ny@ny.email.gs.com) or Jefferies & Company, Inc. (Attention: Stephen M Ficara), 520 Madison Avenue, 12th Floor, Syndicate Middle Office, New York, NY 10022; telephone: (212) 284-3418; email: Sficara@Jefferies.com.

About Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 14 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore and Morocco.

Source: Aegean Marine Petroleum Network Inc.