Following its previous announcement dated 17^th of November 2020, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (The Company) hereby informs the investment public that the 10 day deadline for the submission of a request for a General Meeting to decide on the special permission allowing its subsidiary IREON INVESTMENTS LTD (the Seller) to proceed with a sale of up to 263,369 of OPTIMA BANK S.A. shares, lapsed on 27^th of November 2020.

The said special permission is valid for six months and within this period IREON INVESTMENTS LTD can proceed with the sale of up to 263,369 of OPTIMA BANK S.A. shares at a price of Euro 18.35 per share. The buyers of the said 263,369 OPTIMA BANK S.A. shares will be related to MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. parties, as these parties are defined in the articles 99 until 101 of the Law 4548/2018. The above number of 263,369 shares corresponds to 7% of the share capital of OPTIMA BANK S.A.

The Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. set the offered price at Euro 18.35 per OPTIMA BANK S.A. share, having taken into consideration the fairness opinion report on OPTIMA BANK S.A. dated 30^th of October 2020 (available in the Greek language on the Company website www.moh.gr at the particular option News / 2020) conducted by the audit firm Grant Thornton. The above mentioned price of Euro 18.35 per share is considered in the Grant Thornton report as a true and fair price for the Company and its shareholders who are not related persons including the minority shareholders.  

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will inform the investment public regarding the progress of the above-mentioned transactions.

The present announcement is issued in accordance with paragraph 2 of the Article 101 of the Law 4548/2018.

Maroussi, 30 November 2020

 The Board of Directors