Ellaktor announced that Reggeborgh had sent a notice of exercise of the option to Motor Oil, informing it of its intention to partially exercise the call option and to acquire 10,400,000 shares of the option at the pre-agreed price of €1.75 per share.

It is recalled that, following an agreement between Motor Oil and Reggeborgh dated June 27, 2024, the existing option to purchase 26,000,000 registered shares with voting rights of Hellaktor can be exercised either in total (in one lump sum) or in more than one tranche (in tranches).

The completion of the transaction will take place no later than the 15th business day after the above notification by Reggeborgh.

THE ANNOUNCEMENT

The company ELLAKTOR S.A. informs of the notification received on July 1st, 2024, regarding the exercise of a call option by the shareholder REGGEBORGH INVEST B.V., as follows:

«Dear Sirs,

Please allow us to inform you of the following in relation to the call option for 26,000,000 ordinary registered voting shares in Ellaktor S.A. ("the Issuer") granted by Motor Oil (Hellas) Corinth Refineries S.A. ("MOH") to Reggeborgh Invest B.V. ("Reggeborgh") and duly notified to the Hellenic Capital Market Commission ("HCMC") and the Issuer on 16 May 2022 and 5 April 2023:

(i) That following an agreement between MOH and Reggeborgh dated June 27, 2024, the existing call option for 26,000,000 shares in the issuer (7.4671% of the total shares and voting rights of the issuer) may be exercised either all at once or in more than one tranche, with all other conditions relating to the call option remaining unaffected.

(ii) That Reggeborgh sent MOH on June 28, 2024, a call option exercise notice, giving them notice of its intention to partially exercise it and acquire 10,400,000 of the call option shares (2.987% of the issuer's share capital and voting rights) at the pre-agreed price of €1.75 per share (the “call option consideration”).

The completion of the transaction shall take place not later than the fifteenth (15th) business day from the above notice by Reggeborgh (the “Call Option Completion Date”).

At this point, Reggeborgh holds 157,272,350 shares and voting rights in the issuer (45.168% of the total) and has a call option for 26,000,000 shares and voting rights (7.4675% of the total) exercisable between May 6, 2022, and May 6, 2025, as per our latest announcement of February 28, 2024.

After the completion of the transaction referred to under (ii) above, Reggeborgh will hold 167,672,350 shares and voting rights in the issuer (48.155%) and a call option for 15,600,000 shares and voting rights (4.48% of the total).

Following completion of the transaction, allow us to revert to you accordingly.

We remain at your disposal for any further clarification.