The Board of Directors of MOTOR OIL (HELLAS) S.A. has announced the decision to sell 550,000 treasury shares. This decision was made during a meeting on January 15, 2025. Of these shares, 313,899 were acquired by the company through a buyback program following the Annual Ordinary General Assembly's decision on June 17, 2020, at an average price of €13.52 per share. The remaining 236,101 shares were acquired under a similar program decided on June 30, 2022, at an average price of €19.28 per share.

The weighted average cost for these treasury shares is calculated at €15.99 per share. These shares account for approximately 0.50% of the company's share capital. The minimum selling price has been set at €20.50 per share and the sale transactions are scheduled to occur between January 17 and January 31, 2025.

The sale will take place in the Athens Exchange market with transactions facilitated through ATHEX Member PIRAEUS SECURITIES.

Additionally, the Board decided to suspend the ongoing share buyback program approved by an Extraordinary General Assembly on October 11, 2023, until the completion of this sale transaction.