Regulated Information: Announcement of Business Developments

With reference to a relevant announcement dated 31st October 2018, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces the completion of the transaction through which its Cyprus based subsidiary under the legal name IREON INVESTMENTS LTD has become the owner of the below mentioned Assets:

1)       97.08% stake in the share capital of Investment Bank of Greece S.A.

2)       94.52% stake in the share capital of CPB Asset Management A.E.D.A.K. and

3)      100% stake in the share capital of Laiki Factors and Forfaiters S.A.

The total consideration paid is EUR 73.5 million. This amount can be lowered
subsequent to the final settlement following a relevant audit.


Maroussi, 31 July 2019

The Board of Directors
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