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PBF Logistics LP Announces Closing Of Initial Public Offering

PBF Logistics LP (NYSE: PBFX, “PBF Logistics”), a limited partnership formed by subsidiaries of PBF Energy Inc. (NYSE: PBF, “PBF Energy”), today announced that it has completed its initial public offering of 15,812,500 common units representing limited partner interests, at $23.00 per unit, pursuant to a Registration Statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The number of units issued at closing included 2,062,500 common units issued pursuant to full exercise of the underwriters' option to purchase additional common units. The common units are traded on the New York Stock Exchange under the symbol "PBFX."

Net proceeds received by PBF Logistics from the sale of the 15,812,500 common units totaled approximately $341.0 million, after deducting the underwriting discount and structuring fee, but before taking into account estimated offering expenses. As of the closing of the offering, the public owns a 49.8% limited partner interest in PBF Logistics. PBF Energy, through certain of its subsidiaries, owns the remaining limited partner interests in PBF Logistics, the non-economic general partner interest and all of the incentive distribution rights.

Barclays and UBS Investment Bank served as joint bookrunners and structuring agents of the offering. Citigroup, Credit Suisse, Deutsche Bank Securities, Morgan Stanley and Wells Fargo Securities served as joint bookrunners of the offering.

A registration statement on Form S-1 relating to these units has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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. Any offering of common units will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be accessed through the SEC’s website at http://www.sec.gov, or obtained from the offices listed below:

BarclaysAttention: Prospectus Departmentc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Toll-free number: (888) 603-5847Email: Barclaysprospectus@broadridge.com

UBS Investment BankAttention: Prospectus Department299 Park AvenueNew York, NY 10171Toll-free number: (888) 827-7275

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