MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 4 June 2026 its wholly owned subsidiary Motor Oil Renewable Energy (“MORE”) signed agreements to proceed with three (3) transactions which signify the continuous optimisation of MORE’s energy portfolio strategy and reflect the significant value of selected assets in MORE’s possession.

Two of the three transactions involve PPC Renewables (“PPCR”) as counterparty. Specifically, MORE has agreed to sell to PPCR an operational wind portfolio totaling 107 MW of installed capacity.

Separately, MORE has agreed to acquire the remaining 25% minority stake in UNAGI S.A. (a holding company engaging in the energy production sector through SPVs) making the latter a wholly owned subsidiary of MORE.

Concurrently, UNAGI has agreed to sell to PPCR its 51% stake in twelve (12) SPVs which possess a portfolio of projects under development for electricity production through the construction of photovoltaic parks corresponding to an aggregate capacity of 1,175 MW. UNAGI will retain a 51% shareholding in the remaining three (3) SPVs holding 288 MW of capacity under development.

The total consideration for MORE from the three transactions amounts to €237 million, subject to customary closing and post-completion adjustments.

The completion of the transactions is subject to a series of customary conditions precedent applicable in agreements of this kind, including, among other things, the required approval by the relevant competent authorities.  

Maroussi, 4 June 2026
The Board of Directors