NEWS RELEASE

American Commercial Lines to Acquire AEP River Operations

10/01/15

Acquisition Expected to Create  Strong Synergies and
  Reunite ACL Management Team with  Business It Helped Build

Jeffersonville, IN, October 1, 2015 – American Commercial  Lines (ACL) announced today it has signed a definitive agreement to acquire AEP  River Operations from American Electric Power (NYSE: AEP).

AEP River Operations is a commercial inland barge company  delivering approximately 45 million tons of products annually.  The company is based in Chesterfield,  Missouri, with operations in Paducah, Kentucky; and Convent, Algiers and Belle  Chasse, Louisiana.  ACL, a portfolio  company of Platinum Equity, is based in Jeffersonville, Indiana, and is one of  the most diversified marine transportation service companies in the United  States.

ACL President and Chief Executive Officer Mark Knoy ran AEP River  Operations for a decade before joining ACL in 2011.  He said the proposed acquisition is a strong  strategic fit.

  "ACL and AEP River Operations are highly complementary businesses that  share the same business practices and commitment to safety and customer  service," said Knoy.  "I know the fleet,  the operations, the people and the culture on both sides and I can't think of a  better fit. We are excited to join together and create something special."

Knoy said that highly complementary networks and traffic patterns  between the two companies create significant synergy opportunities.  

"There is a great deal of value to be gained through increased fleet  velocity and tow density, as well as in purchasing, port services and a more  efficient cost structure," said Knoy. "I'm highly confident in our ability to integrate  the businesses and realize those benefits."

Paul Tobin, ACL's chief operating officer, and Robert  Blocker, ACL's senior vice president of sales and customer service, also spent  10 years at AEP River Operations before joining ACL in 2011 along with Knoy. All  three were previously at MEMCO Barge Line, which was purchased by AEP in 2001.

"This is a unique opportunity to bring together two world class  organizations under a leadership team that knows the businesses first-hand and  ran both very successfully over an extended period of time," said Platinum  Equity Partner Louis Samson.  "We have tremendous  confidence in Mark and his team's ability to effect a seamless integration and  quickly create substantial value."

Samson added that the combination is also a great strategic  move for ACL going forward.

"By acquiring AEP  River Operations, ACL will enhance its already diversified commodity exposure,  expand its customer base, and broaden the geographies it serves," said  Samson.  "Today, ACL is one of the most  diversified transportation companies in the United States. This combination  will add scale and better position ACL to capture growth across all of its end  markets."

The transaction is expected to close  in the fourth quarter of 2015, subject to regulatory approval and certain  closing conditions.

Bank  of America Merrill Lynch is advising ACL and will lead the transaction  financing. Latham & Watkins is serving as legal counsel to ACL.

About American Commercial Lines

American Commercial Lines Inc. is an  integrated marine transportation service company owned by affiliates of Platinum  Equity, LLC and operating in the United States Jones Act trades. The company is  headquartered in Jeffersonville, IN, has approximately 2,700 employees and  operates a fleet of approximately 125 towboats and 1,900 barges. For more  information about American Commercial Lines Inc., visit www.aclines.com.

AMERICAN COMMERCIAL LINES INC.
  Contact: Stephanie Smith
  Communications Manager
  (812) 288-1915

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