Two year extension of repayment of the final installment of common Bond Loan

MOTOR OIL (HELLAS) S.A. hereby announces that the repayment of the final installment, of EURO 70 million, of a common Bond Loan of an initial amount of EURO 250 million has been extended for a two year period. The repayment of the EURO 70 million will be effected in four equal semi-annual installments the last one scheduled for July 2013. The purpose of the issuance of the Bond Loan was the financing of the Company investment program of the period 2003-2005 for the construction of the Hydrocracker Complex with CITIBANK INTERNATIONAL PLC acting as Book-runner and Bond-holder agent.

Marousi, 15th July 2011

The Board of Directors