Announcement in the Context of the Law 3556/2007: Transaction Acknowledgment

It is hereby announced that on December 1^st 2016 Mr. Nikos Th. Vardinoyannis sold 2,590 MOTOR OIL (HELLAS) S.A. shares of total value EURO 31,261.30.

Mr. Nikos Th. Vardinoyannis is a Non-Executive BoD Member of MOTOR OIL (HELLAS) S.A. and therefore is obliged to acknowledge his stock exchange transactions on Company shares according to article 19 of the Regulation E.C. 596/2014 and article 13 of the Law 3340/2005.

Maroussi, December 6^th 2016

Transactions after December 31, 2014 (Article 13 Law 3340/05)