Announcement with regard to Business Developments: CYCLON HELLAS S.A.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on June 17th, 2014 it acquired an additional percentage of 11.25% of the voting rights of CYCLON HELLAS S.A., a company listed on ATHEX. The aggregate percentage of CYCLON HELLAS S.A. voting rights owned by MOTOR OIL (HELLAS) S.A. has now increased to 37.96% exceeding the required 33.33% threshold dictating the submission of a mandatory tender offer for the remainder number of shares issued by CYCLON HELLAS S.A. Within the following week, the Company will submit the Information Circular for approval by the Hellenic Capital Market Commission and at the same time will proceed with all sort of announcements – publication formalities in accordance with Law 3461/2006, regarding tender offers, as it is in force. In the interim, and up until the receipt of the relevant approvals, MOTOR OIL (HELLAS) S.A. intends to purchase through the ATHEX all CYCLON HELLAS S.A. shares offered to it at a price of Euro 0.70 per share. This amount will be the price offered per share at the mandatory tender offer. MOTOR OIL (HELLAS) S.A. will inform the Hellenic Capital Market Commission and the company to be acquired with regard to the development of the percentage of voting rights it owns in CYCLON pursuant to the Law 3556/2007.

Maroussi, 18 June 2014

The Board of Directors