Motor Oil Hellas Corinth Refineries S A : Decision of the General Meeting dated 17 June 2026 in relation to Share Buyback

About this update from Motor Oil (hellas) Corinth Refineries S.a.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual Ordinary General Meeting of 17 June 2026 approved the share buyback program in accordance with article 49 of the Law 4548/2018 as it is in force and provided authorization to the Board of the Company to carry out any action necessary in connection to the procedural matters relating to the program. More specifically, the Assembly approved the purchase of up to 5,000,000 Company shares, at a maximum price of Euro 45 per share, minimum price of Euro 15 per share, and program duration from July 1, 2026 until May 31, 2028. The shares acquired by the Company will be granted to members of the Board, senior executives, and Company personnel, as well as to the personnel of affiliated corporations, as defined in article 32 of the Law 4308/2014, in order to fulfil the Company's obligations under the approved employee share based incentive, reward, and retention schemes in accordance with the articles 113 and 114 of the Law 4548/2018. Moreover, any remaining shares will be sold through Euronext Athens, following a decision by the Board, provided it is deemed to be in the best interests of the Company. Maroussi, 22 June 2026

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