MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (the Company) informs the investment public that the Board of Directors of OPTIMA BANK S.A. certified the cash share capital increase for an amount of Euro 80,139,546 through the issuance of 3,762,420 new shares according to the terms decided by the Extraordinary General Assembly of the shareholders of the Bank dated 25 November 2020. The share capital increase of the Bank was effected without the participation of the subsidiary of the Company under the legal name IREON INVESTMENTS LTD. Hence, the participation of IREON INVESTMENTS LTD in OPTIMA BANK S.A. reduced to a percentage lower than 15%.

Maroussi, 19 January 2021

The Board of Directors