Termination of the share Buyback program

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the buyback program (up to 2,000,000 Company shares) pursuant to the decision of the Annual General Assembly of Company shareholders dated June 17, 2015 terminated on June 16, 2017. Throughout the period of the program (June 18, 2015 – June 16, 2017) the Company did not effect any purchases of treasury stock (the price range for treasury stock purchases had been set as follows: minimum price Euro 4 per share – maximum price Euro 10 per share).

Furthermore, it is declared that the Company has no treasury stock as of June 16, 2017.

Maroussi, 16 June 2017

The Board of Directors