Payment of the Dividend Remainder for the Fiscal Year 2019

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual Ordinary General Meeting of Company shareholders dated June 17^th, 2020 approved the distribution of an aggregate dividend amount of Euro 1.15 per share for the fiscal year 2019. It is reminded that on December 17^th, 2019 the Company paid an interim dividend of Euro 0.35 per share as advance payment for the year 2019 dividend. As a result, the remainder amount of dividend for the year 2019 equals Euro 0.80 per share. It is noted that the dividend remainder amount per share for the year 2019 will be increased proportionally with the dividend remainder amount corresponding to the Company’s treasury stock (96,353 shares). Subsequently, the gross amount of the dividend remainder for the year 2019 equals Euro 0.80069640 per share. The dividend remainder amount is subject to a 5% tax imposed on dividends (that is Euro 0.04003482 per share) pursuant to articles 40 and 64 of the Law 4172/2013 (Government Gazette A’ 167/ 23.07.2013) as amended with the Law 4646/2019, article 24 (Government Gazette A’ 201/ 12.12.2019). Therefore, the net payable amount will be Euro 0.76066158 per share. Company shareholders registered in the electronic files of the Dematerialized Securities System (DSS) dated Thursday June 25^th, 2020 (record date) for MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. are entitled to the remainder amount of dividend. As of Wednesday June 24^th, 2020, the shares will trade ex-dividend remainder for the year 2019.

The payment of the year 2019 dividend remainder to the shareholders will be effected through the payee bank – BANK OF PIRAEUS S.A. – on Wednesday July 1st, 2020 as follows:

1. Through the Dematerialized Securities System (DSS) Operators, that is Banks and Brokerage / Securities firms, for those shareholders who have authorized their Operator(s) for the collection of monetary distributions.
2. By direct credit to the bank account corresponding to the International Bank Account Number (IBAN) declared by the shareholder, pursuant to article 13 of the DSS Operation Regulation and decision number 6 of the ATHEXCSD Board, as in force, in case the shareholder does not wish to collect the dividend remainder amount through his/her Operator(s). This case concerns only the shareholders who have declared an IBAN kept with the payee bank – BANK OF PIRAEUS S.A.
3. The shareholders who have revoked the authorization for monetary distribution collection through their Operator(s) will be attended to at any branch of the payee bank – BANK OF PIRAEUS S.A. The collection of the dividend remainder amount through any branch of the payee bank concerns also those shareholders of category 2 above who have not declared an IBAN kept with the payee bank – BANK OF PIRAEUS S.A.
4. The shareholders not credited by their DSS Operator(s), for whatever reason, will be attended to at any branch of the payee bank – BANK OF PIRAEUS S.A. – from Tuesday July 7th, 2020.

The shareholders falling into the categories 3 and 4 described above will be able to collect the dividend remainder in person or through their legally authorized representative until December 31^st, 2025 by presenting to the payee bank – BANK OF PIRAEUS  S.A. – a copy of their DSS details and their Identification Card.

Maroussi, June 18^th, 2020

The Board of Directors