Announcement of business developments

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces the participation of its subsidiary company MORE with a stake of 49% in a Joint Venture of which majority shareholder with a stake of 51% is the company Alive Renewable Holding Limited. The latter is a subsidiary of the listed on the Bucharest Stock Exchange company PREMIER ENERGY PLC.

The Joint Venture has been awarded the project for the construction of two photovoltaic stations of aggregate installed capacity of 86 MW in photovoltaic panels complemented with an energy storage capacity of 18 MW located in Buzău county in Romania. The completion of the construction of the above projects is anticipated in the second half of the year 2025.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will update the public in relation to the construction development of the above projects with subsequent announcements or through the interim and the yearly financial reports.


Maroussi, 17 June 2024

The Board of Directors


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