Valvoline Completes the Acquisition of Great Canadian Oil Change

Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium
branded lubricants and automotive services, today said that it has
completed the previously announced acquisition of the business assets of
Great Canadian Oil Change Franchising Ltd., the third-largest quick-lube
system in Canada.

The acquisition expands Valvoline’s existing quick-lube network to more
than 1,200 company-owned and franchised locations in North America.

“Growing and strengthening our quick-lube network through organic store
expansion and high-quality acquisitions in both core and new markets is
a key growth strategy for the company,” said Sam Mitchell, chief
executive officer. “Great Canadian Oil Change, with its established
brand and loyal customer base, is Valvoline’s first international
quick-lube acquisition and provides us with an excellent opportunity to
expand our quick-lube footprint outside the U.S.”

About ValvolineTM

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier
of premium branded lubricants and automotive services, with sales in
more than 140 countries. Established in 1866, Valvoline’s heritage spans
over 150 years, during which it has developed powerful brand recognition
across multiple product and service channels. The highly trusted brand
ranks as the No. 3 passenger car motor oil brand in the DIY market by
volume, the No. 2 quick-lube chain by number of stores in the United
States and the No.3 quick-lube chain by number of stores in Canada. The
company operates and franchises more than 1,140 Valvoline Instant Oil
ChangeSM centers in the U.S. and more than 70 Great Canadian
Oil Change locations in Canada. It also markets Valvoline lubricants and
automotive chemicals, including the new Valvoline™ Modern Engine Full
Synthetic Motor Oil, which is specifically engineered to protect against
carbon build-up in Gasoline Direct Injection (GDI), turbo and other
engines manufactured since 2012; Valvoline High Mileage with MaxLife
technology motor oil for engines over 75,000 miles; Valvoline Synthetic
motor oil; and Zerex™ antifreeze. To learn more, visit www.valvoline.com.

Forward-Looking Statements

Certain statements in this news release, other than statements of
historical fact, including estimates, projections, statements related to
Valvoline’s business plans and operating results are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Valvoline has identified some of these
forward-looking statements with words such as “anticipates,” “believes,”
“expects,” “estimates,” “is likely,” “predicts,” “projects,”
“forecasts,” “may,” “will,” “should” and “intends” and the negative of
these words or other comparable terminology. These forward-looking
statements are based on Valvoline’s current expectations, estimates,
projections and assumptions as of the date such statements are made, and
are subject to risks and uncertainties that may cause results to differ
materially from those expressed or implied in the forward-looking
statements. Additional information regarding these risks and
uncertainties are described in the Company’s filings with the Securities
and Exchange Commission, including in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” sections of Valvoline’s most recently filed periodic
reports on Forms 10-K and Form 10-Q, which are available on Valvoline’s
website at http://investors.valvoline.com/sec-filings.
Valvoline assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future.

TM Trademark, Valvoline or its subsidiaries, registered in
various countriesSM Service mark, Valvoline or its
subsidiaries, registered in various countries

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