The Board of Directors of MOTOR OIL (HELLAS) S.A in its meeting of January 3^rd, 2025, decided the sale of 250,000 treasury shares acquired by the Company during the buyback program of own shares pursuant to the decision of the Annual Ordinary General Assembly of 17 June 2020 at an average purchase price of 13.52 Euro/share. The said shares represent a percentage of 0.23% of the share capital of the Company. The minimum sale price was set at 20.00 Euro/share and the time period for the completion of the sale transactions was declared from January 8^th, 2025 till January 31^st, 2025 (included). The shares will be sold in the Athens Exchange market and the transactions will be effected through the ATHEX Member PIRAEUS SECURITIES.

Furthermore, the Board of the Company in the same meeting mentioned above decided to suspend the current share buyback program approved by the Extraordinary General Assembly dated October 11^th, 2023, until the completion of the sale transactions of the 250,000 own shares.