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Premcor Extends Exchange Offering

    OLD GREENWICH, Conn., Aug. 29 /PRNewswire-FirstCall/ -- Premcor Inc.
(NYSE: PCO) announced today that its wholly owned subsidiary, The Premcor
Refining Group Inc., is extending the expiration date of its offer to exchange
all of its outstanding 7-1/2% Senior Notes due 2015 for new 7-1/2% Senior
Notes due 2015, which have been registered under the Securities Act of 1933.
The offer, which was scheduled to expire at 5:00 p.m., New York City time, on
August 28, 2003, is now scheduled to expire at 5:00 p.m., New York City time,
on September 5, 2003.
    As of 5:00 p.m. August 28, 2003, of the $300,000,000 principal amount of
Senior Notes outstanding, $299,900,000 had been tendered.
    Premcor Inc. is one of the largest independent petroleum refiners and
marketers of unbranded transportation fuels and heating oil in the United
States.


SOURCE Premcor Inc.




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  • http://www.premcor.com
    CONTACT:
    Media and Investors, Joe Watson,
    +1-203-698-7510, or Investors, Karen Davis, +1-314-854-1424, or
    Michael Taylor, +1-314-719-2304, all of Premcor Inc.