DECISIVE COURT VICTORY FOR PDV HOLDING, INC. BOARD OF DIRECTORS

Houston, August 21, 2019 – Today a Delaware court issued a Final Order and Judgment providing complete legal affirmation of the authority of the Guaidó government to appoint Boards of Directors of PDV Holding, Inc., CITGO Holding, Inc., and CITGO Petroleum Corporation through its authority to appoint the Directors of the PDVSA Ad hoc board (in Jiménez et al. v. Palacios et al.). This Final Order and Judgment constitute a resounding victory for the Guaidó-appointed Boards of Directors.