Process for the preparation of a hydrocarbonaceous distillate and a hydrocarbonaceous residue, which comprises mixing a residual fraction of a product obtained by catalytic cracking or hydrocracking a hydrocarbonaceous feedstock, with a second hydrocarbonaceous fraction having such a boiling range that at least 50%w boils at a temperature above 400°C, and subjecting the resulting mixture to a subatmospheric distillation yielding at least one distillate fraction and one residue. The residue this prepared is a suitable component in bitumen compositions.