29 Sep 2020

Completion of transactions of the subsidiary IREON INVESTMENTS LTD with related parties based on a special permission granted by the Board of Directors of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

Following the announcement dated March 27th, 2020, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.  (henceforth ‘‘the Company’’) hereby announces that the subsidiary company IREON INVESTMENTS LTD transferred 1,401,502 shares of OPTIMA BANK S.A. at a price of Euro 18.35 per share to related with the Company parties. The above number of 1,404,502 shares corresponds to 37.25% of the share capital of OPTIMA BANK S.A.

Furthermore, IREON INVESTMENTS LTD transferred 269,861 shares of OPTIMA BANK S.A. at the same price of Euro 18.35 per share to third parties. The above number of 269,861 shares corresponds to 7.17% of the share capital of OPTIMA BANK S.A.

Following the above, the participation of IREON INVESTMENTS LTD in the share capital of OPTIMA BANK S.A. amounts to 52.66% from 97.08% previously.

The participation of IREON INVESTMENTS LTD in OPTIMA BANK S.A. is classified as ‘‘assets held for sale’’.

Maroussi, 29 September 2020

The Board of Directors