Eurobond Issue results

HELLENIC PETROLEUM has successfully priced the issue of a 5-year, €325m Eurobond, with an annual fixed coupon of 5.25%. Total demand exceeded €1bn, signifying a 3 times over subscription of the issue, while international institutional and private investors exceeded 60% of total demand. The strong interest, demonstrated from both Greek and international investors, resulted to the completion of the book building process in a few hours, while the final yield, at 5.375% came significantly lower than initial price talk.

John Costopoulos, CEO of Hellenic Petroleum Group, commented:

“Following the recent issue of the USD bond, Hellenic Petroleum successfully returned to the capital markets, with the issuance of a 5-year, €325m Eurobond, reaffirming the confidence of international capital markets and private investors towards the company’s long term outlook.

The issue is an important step, in line with our financial strategy, towards diversifying funding mix, reducing interest cost, as well as extending the maturity profile of our loan portfolio, strengthening our balance sheet.”

The notes, issued by HELLENIC PETROLEUM FINANCE PLC, are unsecured and fully guaranteed by HELLENIC PETROLEUM SA. The settlement of the transaction is expected to take place on 4 July2014and the notes will be listed on the Luxembourg Stock Exchange. The proceeds of the issue will be used to refinance existing facilities and for general corporate purposes.

Barclays Bank PLC and Credit Suisse Securities (Europe) Limited acted as Global Coordinators and Alpha Bank A.E., Citigroup Global Markets Limited, Deutsche Bank AG London Branch, Eurobank Ergasias S.A., NBG Securities S.A. and Piraeus Bank S.A. as Joint Lead Managers.