Reply to Hellenic Capital Market Commission letter

With reference to a relevant Hellenic Capital Market Commission letter dated March 27^th, 2013, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby notifies the following:

1.The Group keeps no deposits with the Bank of Cyprus and the Cyprus Popular Bank which are based in Cyprus.

2.The Group has no exposure to securities (such as shares, bonds) or financial instruments of the above mentioned banking institutions.

3.In 2012 Group sales to Cyprus based customers amounted to Euro 71.8 million corresponding to 0.74% of consolidated turnover. The outstanding receivables balance amounts to Euro 0.6 million today.

4.Based on the above, it is estimated that the impact on Group turnover, financial results and shareholders’ equity is negligible.

5.There is no other information deemed necessary to be disclosed to the investment public.

Maroussi, March 28^th, 2013.

The Board of Directors