Commentary & Deal Flow

Motor Oil (Hellas) Corinth Refineries SA (MOHGA) has mandated Citi as gloco and jt bookrunner to arrange a series of virtual fixed income investor meetings in Europe commencing July 5th. An offering of EUR350m principal amount of unsecured senior notes to be issued by the Company with a 5 year tenor (NCL) will follow, subject to market conditions. There can be no assurance that the Offering will be effected or that it will be in the aforementioned size or completed. The Company intends to use the proceeds of the Offering, together with cash on hand, to redeem the EUR350m 3.250% sr notes due 2022 issued by Motor Oil Finance Plc (a wholly owned subsidiary of the Company) and to pay fees and expenses in connection with the Offering. The Notes will be distributed in Regulation S format. An electronic Netroadshow presentation will be made available. Roadshow schedule (1x1s) Mon-Wednesday morning. Biz: oil refining and marketing. HQ: Athens, Greece.