---

World Fuel Services Corporation announced today that it has completed the previously announced acquisition of select assets of Multi Service Corporation, a global transaction management company specializing in fleet, government, and commercial payment programs.

"The Multi Service acquisition will expand our presence in the payment processing industry as we leverage technology across our platform with our customers," stated Michael J. Kasbar, president and chief executive officer of World Fuel Services Corporation. "We are pleased to be partnering with the Multi Service team and we welcome them to the World Fuel organization."

Multi Service is headquartered in Overland Park, Kansas and has 360 employees. Multi Service, which processes more than eight million transactions annually, also maintains offices in the Netherlands and Australia. The Multi Service product offering includes the Multi Service Fuel Card, accepted at more than 3,500 truck stops in the United States and Canada, Multi Service Tolls, payment solutions for tolls, bridges and tunnels across Europe, government payment systems for global fuel procurement, and commercial payment programs in the transportation and retail industries.

The transaction is expected to be $0.12 to $0.16 accretive to earnings on a GAAP basis in the first twelve months. Non-GAAP accretion, which excludes amortization of acquired intangible assets of approximately $0.04 per share, is expected to be $0.16 to $0.20 in the first twelve months.

In conjunction with the acquisition, World Fuel Services says it will record one-time transaction-related expenses of approximately $2.8 million in the fourth quarter of 2012.