World Point Terminals, LP Closes Option to Purchase Additional Units

ST. LOUIS--(BUSINESS WIRE)--World Point Terminals, LP, a Delaware limited partnership (“WPT” or the “Partnership”), announced today that the underwriters in its recently completed initial public offering have purchased an additional 1,312,500 common units at $20.00 per unit pursuant to a full exercise of their option to purchase additional common units granted to them in the underwriting agreement dated August 8, 2013. WPT’s initial public offering of 8,750,000 common units, representing limited partner interests in the Partnership, closed on August 14, 2013. The common units trade on the New York Stock Exchange under the ticker symbol “WPT.”

Net proceeds received by the Partnership from the sale of the additional common units were approximately $24.6 million in the aggregate, after deducting underwriting discounts and commissions and expenses. The Partnership used the net proceeds of approximately $24.6 million to redeem 1,312,500 common units held by World Point Terminals, Inc. The public now owns an approximate 30.5% limited partner interest in the Partnership. World Point Terminals, Inc., through certain of its subsidiaries, holds a 69.5% limited partner interest in the Partnership.

BofA Merrill Lynch, Credit Suisse, Citigroup and Stifel acted as joint book-running managers for the offering. BNP Paribas, Stephens Inc. and Wedbush Securities acted as co-managers for the offering. This offering of common units was made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained from the offices of:

BofA Merrill Lynch 222 Broadway New York, NY 10038 Attention: Prospectus Department Email: [e-mail]	Credit Suisse Securities (USA) LLC One Madison Avenue New York, NY 10010 Attention: Prospectus Department Email: [e-mail] Phone: [phone]
Citigroup c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: [phone] Email: [e-mail]	Stifel, Nicolaus & Company, Incorporated 1 South Street, 15^th Floor Baltimore, MD 21202 Attn: Syndicate Department Email: [e-mail] Phone: [phone]

To obtain a copy of the prospectus free of charge, visit the U.S. Securities and Exchange Commission’s (the “SEC”) website, www.sec.gov.

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. The registration statement is available on the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About World Point Terminals, LP

World Point Terminals, LP is a master limited partnership that owns, operates, develops and acquires terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil. The Partnership’s storage terminals are strategically located in the East Coast, Gulf Coast and Midwest regions of the United States. The Partnership is headquartered in St. Louis, Missouri.

Forward-Looking Statements

Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “possible,” “if,” “will” and “expect” and involve risks and uncertainties including, among others that our business plans may change as circumstances warrant. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Partnership does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which the Partnership becomes aware, after the date hereof.