Pursuant to the Regulation EC 596/2014 it is hereby announced that the pledge on 500,000 shares issued by MOTOR OIL (HELLAS) S.A. (from now on MOH) of a total value Euro 8,950,000 (based on the closing price of the share of MOH on 4 June 2018), those shares belonging to the shareholder of the Company under the legal name PETROVENTURE HOLDINGS LIMITED, was terminated on 4 June 2018. The pledge had been imposed on 20 October 2016 and throughout the intervening period PETROVENTURE HOLDINGS LIMITED kept the voting rights on the shares mentioned above.

PETROVENTURE HOLDINGS LIMITED is a related legal entity with Messrs. Vardis J. Vardinoyannis (Chairman of MOH Board and CEO), John V. Vardinoyannis (Executive Vice Chairman of MOH Board) and Petros Tz. Tzannetakis (Deputy Managing Director of MOH) who are under the obligation to announce their transactions with subject the shares issued by MOH.

Maroussi, June 5, 2018
The Board of Directors