---

World Fuel Services Corporation has announced that its wholly-owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of select assets of Lakeside Oil Company, Inc., including the assets comprising Lakeside's wholesale motor fuel distribution business.

"Lakeside further expands our position in the land based fuel market and we look forward to working closely with the Lakeside team. We are committed to further expanding our land business as significant strategic growth opportunities remain," said Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. "This transaction is expected to add $0.06 to $0.08 to earnings in the first twelve months."

Lakeside, based in Milwaukee, Wisconsin, with 2009 volume of approximately 350 million gallons, distributes gasoline and diesel fuel under long-term contracts to more than 250 retail operators in Wisconsin and Minnesota and is also a supplier to industrial, commercial and government customers.

"We are very excited to be partnering with a company that has the breadth of experience and balance sheet strength of World Fuel. We are committed to maintaining Lakeside's strong level of customer service and relationships with our customers and suppliers," stated Bill Elliott, president of Lakeside.