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2018

12/06/2018

Decision of the General Meeting dated June 7, 2017 in relation to Share Buyback

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual Ordinary General Meeting of June 6, 2018 approved the share buyback program in accordance with article 16 of the Codified Law 2190/1920 as it is in force and provided authorization to the Board of the Company to carry out any action necessary in connection to the procedural matters relating to the program. More specifically, the Assembly approved the purchase of up to 5,000,000 Company shares, at a maximum price of Euro 18 per share, minimum price of Euro 8 per share, and program duration from June 18, 2018 until May 29, 2020. The share purchases will be effected through the ATHEX Member PIRAEUS SECURITIES.

 

Maroussi, June 12, 2018

The Board of Directors

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