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TPC Group Announces Proposed Private Offering of $655 Million Senior Secured Notes Due 2020



TPC Group Announces Proposed Private Offering of $655 Million Senior Secured
Notes Due 2020

HOUSTON, Dec. 3, 2012 (GLOBE NEWSWIRE) -- TPC Group Inc. (Nasdaq:TPCG), a
leading fee-based processor and service provider of value-added products
derived from niche petrochemical raw materials, announced today that it
intends, subject to market and other conditions, to offer $655,000,000
aggregate principal amount of its Senior Secured Notes due 2020 (the "Notes")
in a private offering that is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"). The Notes will be
guaranteed on a senior secured basis by all of TPC Group Inc.'s existing or
future direct and indirect domestic subsidiaries that guarantee obligations
under its senior secured asset-based revolving facility. This offering is
being made in connection with the proposed acquisition of TPC Group Inc. by
entities affiliated with First Reserve Management, L.P. and SK Capital
Partners (collectively, the "Sponsors"). The net proceeds from this offering
will be used to finance in part the acquisition of TPC Group Inc. by the
Sponsors, the repayment of its existing debt, the payment of fees and expenses
in connection with such transactions and for certain strategic capital
projects.

The Notes and the related guarantees will be offered only to qualified
institutional buyers in reliance on the exemption from registration set forth
in Rule 144A under the Securities Act, and outside the United States to
non-U.S. persons in reliance on the exemption from registration set forth in
Regulation S under the Securities Act. The Notes and the related guarantees
have not been registered under the Securities Act, or the securities laws of
any state or other jurisdiction, and may not be offered or sold in the United
States without registration or an applicable exemption from the Securities Act
and applicable state securities or blue sky laws and foreign securities laws.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, any securities, nor shall there be any sales of the Notes
in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. This notice is being issued pursuant to and in
accordance with Rule 135(c) under the Securities Act.

About TPC Group

TPC Group Inc. is a leading producer of value-added products derived from
niche petrochemical raw materials, such as C4 hydrocarbons, and provider of
critical infrastructure and logistics services along the Gulf Coast region.
TPC Group Inc. sells its products into a wide range of performance, specialty
and intermediate markets, including synthetic rubber, fuels, lubricant
additives, plastics and surfactants. Headquartered in Houston, Texas, and with
an operating history of over 68 years, TPC Group Inc. has manufacturing
facilities in the industrial corridor adjacent to the Houston Ship Channel,
Port Neches and Baytown, Texas and operates a product terminal in Lake
Charles, Louisiana.

The TPC Group logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9551

CONTACT: Investor Relations
         Miguel Desdin
         Email: miguel.desdin@tpcgrp.com
         Phone: 713-627-7474

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