<PAGE>
            
            <TABLE>
            <CAPTION>
            
            Crown Central Petroleum Corporation and Subsidiaries
            Operating Results
            
                                                                                   
                      Twelve Months Ended
                                                                                   
                             December 31                                            
                          Dollars in thousands, exxcept per share data              
             1995           1994
                                                                                   
                    ------------    -------------
            <S>                                                                    
            <C>                   <C>
            Sales and operating revenues                                 $1,864,639
                 $1,699,168
            SFAS 121 Implementation (1)                                    (80,524)
            (Loss) before income taxes (2)                                  
          (98,489)             (52,836)
            (Loss) before extraordinary item                                (67,367)
                      (35,406)
            (Loss) from extraordinary item (3)                               (3,257)
                             ----
            Net (loss)                                                             
               (70,624)            (35,406)
            (Loss) per share before extraordinary item                     (6.95)  
                       (3.63)
            (Loss) per share from extraordinary item                         (.33) 
                            ---- 
            Net (loss) per share                                                   
             (7.28)                 (3.63)
            Weighted average shares used in the
                 computation of (loss) per share                         9,697,611 
                    9,742,598
            ------------------------------------------------------------------------
          ---------------------
            <FN>
            (1)  During the fourth quarter of 1995, the Company implemented
          Statement of Financial Accounting Standard No. 121 ``
                                                              Accounting for the
          Impairment of Long-Lived Assets and Long-Lived assets to be Disposed Of''
          which resulted in a write-down of $80.5 million related to certain refinery
          assets.
            
            (2)  Includdes the impact of implementation of SFAS 121.
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                                                                        231
            
            (3)  During the first quarter of 1995, the Company incurred an
          extraordinary loss as a result of the early
            retirement of its outstanding 10.42% Senior Notes (Notes).  The
          outstanding Notes were retired
            on January 24, 1995 from the proceeds received from the sale of $125
          million of Unsecured 10.875%
            Senior Notes due February 1, 2005.
            
            </TABLE>
            
            <TABLE>
            <CAPTION>
            
            Crown Central Petroleum Corporation and Subsidiaries
            Operating Statistics
            
            
                                                                                   
              Twelve Months Ended
                                                                                   
                   December 31
                                                                                   
                  1995         1994
                                                                                   
             ------------   ----------
            <S>                                                                    
                <C>         <C>
            ________
            REFINING

            
            Production (BPD - M)                                                  
          155          148
            Production (MMbbl)                                                    
          56.5         53.9
            Gross Margin ($/bbl)                                                   
          2.12          2.37
            Gross Profit ($MM)                                                   
          119.7       127.8
            Operating Cost ($/bbl)                                                 
          2.26          2.52
            Operating Cost ($MM)                                               127.7
                 136.1
            Net Refining Profit ($MM)                                           
          (8.0)         (8.3)
            
            ______
            RETAIL

            
            Number Stores                                                          
             348            357
            Volume (pmps - Mgal)                                                 
          123            113
            Volume (MMgal)                                                         
           516            486
            Gasoline Gross Margin ($/gal)                                      0.13
                    0.13
            Gasoline Gross Profit  ($MM)                                      65.0 
                   63.7
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          232
            Merchandise Sales (pmps - $M)                                    22.0  
                  20.4
            Merchandise Sales ($MM)                                            91.8
                    87.5
            Merchandise Gross Margin (%)                                    28.8   
                 27.4
            Merchandise Gross Margin ($MM)                               26.5      
              24.0
            Retail Gross Profit ($MM)                                           
          91.5           87.7
            Retail Operating Costs (pmps - $M)                              17.2   
                 17.1
            Retail Net Profit  ($MM)                                              
          19.5           14.2
            
            Wholesale / Other ($MM)                                           
          (13.1)        (23.1)
            HDS Write-down ($MM)                                                   
                    (16.8)
            SFAS No. 121 Implementation ($MM)                        (80.5)
            Corporate Overhead ($MM)                                        (16.3) 
                 (18.8)
            Income Tax (Expense) Benefit ($MM)                          31.1       
              17.4
            (Loss) from Extraordinary Item ($MM)                         (3.3)
            Total Net (Loss)  ($MM)                                            
          (70.6)         (35.4)
            
            Depreciation and Amortization ($MM)                         36.6       
             42.6
            Net Interest Expense ($MM)                                         12.1
                     6.6
            Other Income ($MM)                                                    
          2.5             0.1
            LIFO Provision ($MM)                                                 
          6.7           19.0
            Loss (Gain) on Sales and Abandonments
              of P,P & E ($MM)                                                    
          80.2           16.0
            EBITDAAL ($MM)                                                     34.7
                    31.3
            
            Capital Expenditures ($MM)                                        41.0 
                   34.4
            ------------------------------------------------------------------------
          ------------
            
            <FN>
            BPD = Barrels per day
            bbl = barrel or barrels as applicable
            gal = gallon or gallons as applicable
            pmps = per month per store
            M = in thousands
            MM  = in millions
            
            </TABLE>