Announcement of Business Developments

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. announces that its subsidiary under the legal name MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A. (MORE) acquired 75% of the share capital of the company with the legal name UNAGI S.A. which engages in the production of electricity and which, in the context of its corporate objectives, may participate in other companies engaging in the same or similar business endeavors.

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