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<b>
Bond Loan issuance Agreement for the amount<br>of up to EURO 50 million
</b>

<br><br>
Maroussi, August 11th, 2011
<br><br>



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It is announced by the Company that the agreement for the issuance of a common Bond Loan for the amount of up to EURO 50 million was signed on August 10th, 2011. 
<br><br>
The purpose for the issuance of this loan is to finance the Company’s permanent higher working capital requirements as a result of the increased production capacity of the Refinery following the addition of the new Crude Distillation Unit. 
<br><br>
The decision for the issuance of the loan was approved by the Extraordinary General Meeting of March 14th, 2011 (second item on the agenda). 
<br><br>
The Arranger of the loan is HELLENIC POSTBANK S.A.






<br>
<br><a href="http://www.moh.gr" target="_blank">Motor Oil Hellas press release</a>




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