Εllaktor confirms that due diligence proceedings for its subsidiary Helektor are ongoing. It points out, however, that it has not yet received a specific offer. At the same time, Motor Oil Group confirmed its interest while noting that it has not submitted an offer.

ELLAKTOR ANNOUNCEMENT

With regards to press articles, among others mentioning, “Ellaktor is closer to an agreement for the sale of its Environment subsidiary, Helektor, to Motor Oil of the Vardinoyannis Group. Information refers to a due diligence process on Helector being currently underway by Motor Oil with a view to completion at the end of the month..."

The company's management is constantly exploring opportunities for optimal utilization of its assets and carefully examining each expression of interest. In this situation, we can confirm that Motor Oil has started a due diligence process on Helektor. It should be noted, however, that up to the present time, Ellaktor has not been the recipient of a takeover offer for Helektor. The Company is carefully evaluating all the facts, and in case an agreement is reached, the Management of the Company will immediately inform the investment public, as required by law.

MOTOR OIL ANNOUNCEMENT

The company, in the context of the implementation of the energy transition strategy of MOTOR OIL (HELLAS) S.A. with a 2030 horizon (TARGET 2030 strategy), conducts on a continuous basis exploratory talks with the prospect of cooperation with other companies operating in economic sectors that are part of the four main pillars (Refining Supply & Trading, Retail & Mobility, Renewable Energy Sources, Alternative Fuels & Circular Economy). For this purpose, the Company is conducting due diligence on the company named Helektor. For the avoidance of doubt, the Company has not to date submitted an offer to Ellaktor. for the acquisition of its shareholding in Helektor.