Completion of the Division of the oil trading company KAOIL Afoi Koutla SA in Northern Greece

Completion of the Split of the Oil Trading Company KAOIL Afoi Koutla AE in Northern Greece

Completion of the Split of the Oil Trading Company KAOIL Afoi Koutla AE in Northern Greece (Thessaloniki), with a network of 240 gas stations and facilities in Samothrace, Thessaloniki, and Almyros Volos, into two existing A.E. of the two main shareholders, each based on the provisions of Law 2190/1920 and Law 2166/1993, with a Net Book Value of the splitting A.E. of approximately 5.0 million euros.