Motor Oil Hellas Corinth Refineries S A : Reply to the query dated 8.4.2024 and under Protocol Number 914 of Hellenic Capital Market Committee
April 08, 2024 at 10:36 am EDT
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In reply to the query made by Hellenic Capital Market Committee under the letter dated 8.4.2024 and with regard to articles recently appeared in daily and electronic press, MOTOR OIL (HELLAS) SA (hereinafter the "Company") hereby informs the public as follows:
The Company in the context of the implementation of the MOTOR OIL (Hellas) S.A. Group energy transition strategy with time horizon the year 2030 (TARGET 2030 Strategy), conducts on a continuous basis discussions entailing the prospect of collaboration with other companies active in economic sectors related to the four (4) major pillars (Refining Supply & Trading, Retail & Mobility, Renewable Energy, Alternative Fuels & Circular Economy). To this end, the Company conducts due diligence to the company under the name "HELECTOR S.A.".
For the avoidance of any doubt, the Company has not submitted until today any offer to ELLAKTOR S.A. for the acquisition of the stake the latter holds in "HELECTOR SA".
Should the Company decide to submit such an offer, then the Company shall immediately proceed to public announcements, pursuant to article 17 of the Regulation (EU) 596/2016 and the regulations of Athens Exchange.
The present notification is made in accordance with the Regulation (EU) 596/2014 of the European Parliament, the European Council and in reply to a relevant query made by the Hellenic Capital Market Committee.
Maroussi, 8 April 2024
The Board of Directors
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Motor Oil (Hellas) Corinth Refineries S.A. is one of Greece's leading crude oil, fuel oil and methanol refining groups. Net sales break down by activity as follows:
- refining (60.1%): operated, at the end of 2021, a refinery located in Greece;
- distribution of petroleum products (34.8%): the group manages a network of over 1,500 service stations (Shell, Avin Oil and Cyclon Hellas brands) located in Greece, Cyprus and South Eastern Europe. The group is also involved in purchasing and resale to and from oil and industrial companies;
- production of renewable energy and gas (4.4%);
- other (0.7%).
56.5% of sales are abroad.
MOTOR OIL HELLAS CORINTH REFINERIES S.A. 
