Lowering of the participation of the subsidiary IREON INVESTMENTS LTD in OPTIMA BANK S.A. below the 50% threshold.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that its Cyprus based subsidiary IREON INVESTMENTS LTD transferred 366,836 shares of OPTIMA BANK S.A. at a price of Euro 18.35 per share to third parties. 

The above number of 366,836 shares corresponds to 9.75% of the share capital of OPTIMA BANK S.A. 

Following the above, the participation of IREON INVESTMENTS LTD in OPTIMA BANK S.A. reduced to 45.91%. 

It is noted that the transfer of an additional  percentage of 3% (112,873 shares at a price of Euro 18.35 per share) is pending approval by the competent authorities which, if granted, will result in the reduction of IREON INVESTMENTS LTD participation in OPTIMA BANK S.A. to 42.91% 

Maroussi, 12 November 2020 

The Board of Directors