Bond Loan issuance Agreement for the amount of up to EURO 50 million

It is announced by the Company that the agreement for the issuance of a common Bond Loan for the amount of up to EURO 50 million was signed on August 10th, 2011. The purpose for the issuance of this loan is to finance the Company’s permanent higher working capital requirements as a result of the increased production capacity of the Refinery following the addition of the new Crude Distillation Unit. The decision for the issuance of the loan was approved by the Extraordinary General Meeting of March 14th, 2011 (second item on the agenda). The Arranger of the loan is HELLENIC POSTBANK S.A.

Maroussi, August 11th,  2011

The Board of Directors