Pre-announcement of sale of Own Shares

The Board of Directors of MOTOR OIL (HELLAS) S.A in its meeting of January 15^th, 2025, decided the sale of 550,000 treasury shares, of which 313,899 were 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, and the rest 236,101 were acquired by the Company during the buyback program of own shares pursuant to the decision of the Annual Ordinary General Assembly of 30 June 2022 at an average purchase price of 19.28 Euro/share. Therefore, the weighted average cost of the 550,000 treasury shares offered for sale equals 15.99 Euro/share. The said shares represent a percentage of 0.50% of the share capital of the Company. The minimum selling price was set at 20.50 Euro/share and the time period for the completion of the sale transactions was declared from January 17^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 550,000 own shares.

Maroussi, 16 January 2025

The Board of Directors