Payment of the Interim Dividend for the Year 2017

It is announced that the Board of Directors of the Company in its meeting of November 13th, 2017 decided the distribution of an interim dividend of Euro 0.30 per share as advance payment for the year 2017 dividend. The above interim dividend amount is subject to a 15% tax imposed on dividends pursuant to paragraph 11 of article 112 of the Law 4387/2016 (Government Gazette A’ 85/12.05.2016) as amended with the Law 4389/2016 (Government Gazette A’ 94/27.05.2016). As a result, the net payable amount will be Euro 0.255 per share. Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T.) dated Tuesday December 12th, 2017 (record date) for MOTOR OIL (HELLAS) S.A. are entitled to the interim dividend. As of Monday December 11th,2017 the shares of the Company will trade ex-interim dividend for the year 2017.


The Company will use funds kept with overseas banks for the payment of the year 2017 interim dividend. The payment of the interim dividend for the year 2017 to the shareholders will be effected through the payee bank - BANK OF PIRAEUS S.A. - on Monday December 18th, 2017 as follows:


1.      Through the Dematerialized Securities System (DSS) Operators, that is Banks and Securities firms, for those shareholders who have authorized their Operator(s) for the dividend collection.

2.      By direct credit to the bank account corresponding to the International Bank Account Number (IBAN) declared by the shareholder, pursuant to article 13 of the DSS Operation Regulation and decision number 6 of the ATHEXCSD Board, as in force, in case the shareholder does not wish to collect the dividend through his/her Operator(s). This case concerns only the shareholders who have declared an IBAN kept with the payee bank – BANK OF PIRAEUS S.A.

3.      The shareholders who have entered through their Operator(s) into the DSS the indication “Don’t use IBAN for payments with funds from a foreign remittance” will be attended to at any branch of the payee bank - BANK OF PIRAEUS S.A. The collection of the dividend through any branch of the payee bank concerns also those shareholders of category 2 above who have not declared an IBAN kept with the payee bank – BANK OF PIRAEUS S.A.

4.      The shareholders not credited by their DSS Operator(s), for whatever reason, will be attended to at any branch of the payee bank - BANK OF PIRAEUS S.A. - from Friday December 22th, 2017.


The shareholders falling into the categories 3 and 4 described above will be able to collect the year 2017 interim dividend in person or through their legally authorized representative until December 31st, 2023 by presenting to the payee bank - BANK OF PIRAEUS  S.A. - a copy of their DSS details and their Identification Card.


Dividends not collected until December 31st, 2023 will be written off in favour of the Hellenic State.


Maroussi, 4 December 2017

The Board of Directors

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