PBF Energy Prices Initial Public Offering

Parsippany, NJ, December 13, 2012 — PBF Energy Inc. announced today that it priced its initial public offering of 20,500,000 shares of its Class A common stock at a price to the public of $26 per share. The shares are expected to begin trading under the ticker symbol “PBF” on the New York Stock Exchange today. The underwriters were granted an option, exercisable within 30 days, to purchase up to an additional 3,075,000 shares of Class A common stock from PBF Energy Inc. at the public offering price less underwriting discounts and commission.

PBF Energy Inc. will use a significant portion of the net proceeds of the offering to acquire equity interests in its subsidiary, PBF Energy Company LLC, from its majority owners, funds affiliated with First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and Blackstone, one of the largest alternative asset managers in the world and a leading private equity investor in the energy industry.

The joint bookrunning managers of the offering were Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank Securities. UBS Investment Bank, Barclays and Wells Fargo Securities acted as senior co-managers.

The offering is being made solely by means of a prospectus. A copy of the final prospectus may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146), or by email at batprospectusdept@citigroup.com, and Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:

Colin Murray
Tel: 973.455.7578

Media Contact:

Michael C. Karlovich
Tel: 973.455.8994

About PBF Energy

PBF Energy is one of the largest independent refiners in North America, operating oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally sensitive manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.