Decision of the General Meeting dated June 17, 2015 in relation to Share Buyback

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual Ordinary General Meeting of June 17, 2015 approved the share buyback program in accordance with article 16 of the Codified Law 2190/1920 as it is in force and provided authorization to the Board of the Company to carry out any action necessary in connection to the procedural matters related to the program. More specifically, the Assembly approved the purchase of up to 2,000,000 Company shares, at a maximum price of Euro 10 per share, minimum price of Euro 4 per share, and program duration from June 18, 2015 until June 16, 2017. The share purchases will be effected through the ATHEX Member PIRAEUS SECURITIES. The buyback shares, once purchased, will be cancelled (following a decision by a future General Shareholders’ Meeting) or sold through the Stock Exchange (in case such course of action is deemed to suit better the interests of the Company) following a decision by the Company’s Board.


Maroussi, June 18, 2015

The Board of Directors

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