Motor Oil Hellas Corinth Refineries S A : Pricing of EUR 400 million Senior Notes due 2031

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

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN FOR IMMEDIATE RELEASE MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. Pricing of EUR 400 million Senior Notes due 2031 MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (TICKER: MOH:GA) (the "Company") hereby announces the successful pricing of its offering of EUR 400 million in aggregate principal amount of senior unsecured notes due 2031 (the "Notes"). The Notes will bear interest at a rate of 3.750% per annum and were priced at 99.437% of their principal amount. The Notes will mature on 18 June 2031. The offering of the Notes (the "Offering") is scheduled to settle on 18 June 2026, subject to the satisfaction of customary closing conditions. The Notes will be offered outside the United States in offshore transactions pursuant to Regulation S under the U.S. Securities Act of 1933, as amended. The Company will use the proceeds of the Offering, together with cash on hand, to redeem in full its existing EUR 400 million 2.125% senior notes due 2026 (the "Existing Notes"), including accrued and unpaid interest thereon, and to pay fees and expenses in connection with the Offering. This announcement does not constitute a notice of redemption of the Existing Notes. Any redemption of the Existing Notes will be made solely pursuant to the formal notice of redemption delivered on 8 June 2026 pursuant to the indenture governing the Existing Notes and remains conditional upon the closing of the Offering. Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, HSBC Continental Europe and Morgan Stanley Europe SE are acting as Global Coordinators and Joint Bookrunners, and AXIA Ventures Group Ltd., CrediaBank S.A., Eurobank S.A., ING Bank N.V., National Bank of Greece S.A., Natixis, Nomura Financial Products Europe GmbH, Optima bank S.A. and Piraeus Bank S.A. are acting as Joint Bookrunners in connection with the Offering. Maroussi, 10 June 2026 DISCLAIMER NOTE : This announcement is published in accordance with the applicable provisions of, amongst others, Regulation (EU) No 596/2014, Greek Law 3556/2007 and the Rule Book (Regulation) of Euronext Athens, each as amended and currently in force. NOTHING IN THIS ANNOUNCEMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO BUY SECURITIES IN THE UNITED STATES OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE NOTES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION, AND THE NOTES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. This announcement has been prepared on the basis that any offer of the Notes (i) in any member state of the European Economic Area (the "EEA"), will be made pursuant to an exemption under Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation"), and as supplemented by the laws of each relevant EEA member state, from the requirement to publish a prospectus; and (ii) in the United Kingdom, will be made pursuant to an exemption under the Public Offers and Admissions to Trading Regulations 2024 from the requirement to publish a prospectus in connection with such offer. This announcement has not been approved by an authorized person in the United Kingdom and is for distribution only to, and is only directed at, persons who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (the "FSMA") (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity within the meaning of Section 21 of the FSMA in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity relating to the Notes is available only to relevant persons and will be engaged in only with relevant persons. MIFID II product governance / High net worth retail investors, professional investors and ECPs target market: Solely for the purposes of the product approval process of any relevant Joint Bookrunner that considers itself a manufacturer pursuant to Directive 2014/65/EU, as amended ("MiFID II") (each an "EEA Manufacturer" and, together, the "EEA Manufacturers"), the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, professional clients and retail clients (each as defined in MiFID II) that are in a financial situation to be able to bear a loss of their entire investment in the Notes; (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate; and (iii) the following channels for distribution of the Notes to such retail clients are appropriate-investment advice, portfolio management, non-advised sales and pure execution services-subject to the distributor's suitability and appropriateness obligations under MiFID II, as applicable. Any person subsequently offering, selling or recommending the Notes (an "EEA Distributor") should take into consideration the EEA Manufacturers' target market assessment; however, an EEA Distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the EEA Manufacturers' target market assessment) and determining appropriate distribution channels. Prohibition of sales to EEA retail investors : The Notes are not intended to be, without the prior written consent of the Joint Bookrunners and the Company, offered, sold, distributed or otherwise made available to, and should not be offered, sold, distributed or otherwise made available to, any retail investor (other than, without the prior written consent of the Joint Bookrunners and the Company, those retail investors that are in a financial situation to be able to bear a loss of their entire investment in the Notes) in the EEA. For the purposes of this provision, the expression "retail investor" means a person who is one (or more) of the following: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation. No key information document required by Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation") has been prepared for the Notes as the Notes do not fall in scope of the PRIIPs Regulation. Each person in a member state of the EEA who receives any communication in respect of, or who acquires any Notes, or to whom the Notes are otherwise made available, will be deemed to have represented, warranted, acknowledged and agreed to and with each Joint Bookrunner and the Company that it and any person on whose behalf it acquires Notes is not a "retail investor" (as defined above), other than those retail investors that are in a financial situation to be able to bear a loss of their entire investment in the Notes. UK MIFIR product governance-professional investors and ECPs only target market : Solely for the purposes of the product approval process of any relevant Joint Bookrunner that considers itself a manufacturer pursuant to the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") (each a "UK Manufacturer" and, together, the "UK Manufacturers"), the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK MiFIR"); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "UK Distributor") should take into consideration the UK Manufacturers' target market assessment; however, a UK Distributor subject to the UK MiFIR Product Governance Rules is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the UK Manufacturers' target market assessment) and determining appropriate distribution channels. Prohibition of sales to UK retail investors : The Notes are not intended to be offered, sold, distributed or otherwise made available to, and should not be offered, sold, distributed or otherwise made available to, any retail investor in the United Kingdom. For the purposes of this provision, a "retail investor" means a person who is not a professional client, as defined in point (8) of Article 2(1) of UK MiFIR. Consequently, no disclosure document required by the FCA Product Disclosure Sourcebook (the "DISC") for offering, selling or distributing the Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering, selling or distributing the Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024. Each person in the United Kingdom who receives any communication in respect of, or who acquires any Notes, or to whom the Notes are otherwise made available, will be deemed to have represented, warranted, acknowledged and agreed to and with each Joint Bookrunner and the Company that it and any person on whose behalf it acquires Notes is not a "retail investor" (as defined above). The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.

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