Early termination of the share buyback program

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual General Assembly of Company shareholders dated June 6, 2018 approved the early termination of the buyback program (up to 4,000,000 Company shares) approved by the Annual General Assembly of Company shareholders dated June 7, 2017. Since the beginning of the program (June 19, 2017) until today the Company did not effect any purchases of treasury stock (the price range for treasury stock purchases had been set as follows: minimum price Euro 5 per share – maximum price Euro 15 per share).

Furthermore, it is declared that the Company has no treasury stock as of June 6, 2018.

Maroussi, 6 June 2018

The Board of Directors