Caltex says Yep and Yep Again

FOR IMMEDIATE RELEASE

Caltex says Yep and Yep Again

Caltex extends successful supermarket voucher redemption offer
to 31 March

AUCKLAND, New Zealand, 2 February 2007 Chevron New Zealand, which markets fuel through 300 Caltex service stations nationally, has announced a two-month extension to its "Yep, yes and yeah" fuel discount supermarket voucher promotion, following an unexpectedly high level of consumer response.

Chevron New Zealand Country Chairman Nick Hannan said the offer was designed to "level the playing field somewhat" for consumers by ensuring both Foodstuffs and Progressive supermarket chain fuel discount vouchers would be redeemed for up to four cents a litre at Caltex service stations throughout the country.

Mr Hannan said the simplicity of the Caltex offer was the reason for its popularity.

"Customers didn't have to work out which voucher applied to which service station, then hunt out the right brand, because we said we'd take either and give them a straight four cents off. Our customers have voted at the petrol pump; they've told us they enjoy the freedom and simplicity of our offer and they want it to continue, so we're extending it until the end of March."

Chevron markets the Caltex brand in New Zealand, with 300 service stations throughout the country. Chevron New Zealand is an indirect, wholly owned subsidiary of Chevron Corporation, one of the world's leading energy companies with more than 55,000 employees in 180 countries around the world. Chevron companies produce and transport crude oil and natural gas, refining, marketing and distributing fuels and other energy products. Chevron Corporation is based in San Ramon, California (USA). More information on Chevron is available at www.chevron.com.

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