Update regarding the special authorization of the Board of Directors of “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” pursuant to articles 99-101 of Greek Law 4548/2018

Following its announcement on 11 April 2025, which was also published on the General Commercial Register (G.E.MI.) website under protocol number 3604917/14.04.2025, “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” (the “Company”) hereby announces that the 10-day deadline for submission of a request to convene a General Meeting to decide on the special authorization granted by the Board of Directors of the Company in order for its subsidiary “NRG SUPPLY AND TRADING SINGLE MEMBER ENERGY S.A.” (“NRG”) to substitute “MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A.” (“MORE”), also a subsidiary of the Company, as a party to the contract for difference dated 6 April 2023 (the “CfD”) between MORE and “THERMOILEKTRIKI KOMOTINIS SOCIETE ANONYME” (“THERMOILEKTRIKI”), and to acquire all rights and assume all obligations of MORE under the CfD, for a total consideration amount of €11,037,888.12, plus VAT (the “Transaction”), lapsed on 24 April 2025.

For the purposes of the Transaction, on 14 April 2025, the parties thereto entered into the CfD Novation Agreement, Consideration Agreement, New CfD, Deed of Termination and Release, New CfD Lenders’ Direct Agreement and Side Letter to Sponsor Undertaking Agreement (each, as described and defined in the Company’s announcement dated 11 April 2025).

Following the lapse of the abovementioned 10-day deadline, the decision of the Board of Directors of the Company granting the special authorization for the Transaction becomes definitive, and the CfD Novation Agreement, Consideration Agreement, New CfD, Deed of Termination and Release, New CfD Lenders’ Direct Agreement and Side Letter to Sponsor Undertaking Agreement dated 14 April 2025 become definitively valid as of their date.

Pursuant to articles 99-101 of Greek Law 4548/2018: (a) the Company and NRG are related parties, as the Company holds 100% of the share capital of NRG, (b) the Company and MORE are related parties, as the Company holds 100% of the share capital of MORE, and (c) the Company and THERMOILEKTRIKI are related parties, as the Company holds 50% of the share capital of THERMOILEKTRIKI.

This announcement is issued in accordance with article 101 paras 2 and 3 of Greek Law 4548/2018.

Maroussi, 25 April 2025

The Board of Directors