CYCLON HELLAS S.A.

CYCLON is among the biggest Greek companies of the Petroleum & Lubricants sector. The company is a member of the MOH group of companies-the biggest private own refinery in Greece and one of the biggest in the Mediterranean.

Market share of: >10,5% of lubricants market

(annual data 2011)

> 3,5%of fuels market

(annual data 2011)

The refinery is second in production capacity of base mineral oils in Greece.

CYCLON allocates installation of storage and distribution of liquid fuels.

THE COMPANY

Industrial production and marketing of base lubricants, production and marketing of end (packed) lubricants under the commercial name CYCLON. Also the production of lubricants for 3rd parties (under their brand names).

Sales of liquid fuels through the ever expanding service stations network with CYCLON sign.

Benefit of services to the consumer through the service stations.

OBJECT OF WORK

1980 Foundation of company from Mr. Vardis J. Vardinogiannis and Mr. Theodore J. Vardinogiannis.

1982 Beginning of the refinery operation in the Aspropyrgos industrial area, Attica.

1988 It establishes in the market the self produced products

1999 New market entry. Marketing of fuels and continuous growth of service stations network.

2001 Completion and approval of the merger of the company with absorption from MACEDONIAN PLASTICS S.A. The shares are now negotiating in the Athens Stock Exchange (A.S.E)

2002

Change of corporate name in CYCLON HELLAS S.A

.

COMPANY’S HISTORY

Continuous offering of high quality

products and services

Creation of value for the

shareholders in a continuous and

long-term base

Incitement, motivation and

satisfaction of company’s human

resources

Special environmental protection

and care

COMPANY’S MISSION

PREMISES - REFINERY

It was founded in 1981 (Technology KTI, Manufacture TPL) with initial capacity 20.000 tn/year UO

Blending, packing, 1986

Unit of selective extract with propane, 1993 (Technology IFP)

Upgrade of installations, 1994.

Today`s capacity: 40.000 tn/year UO

Tank capacities: 23.000 tn

Output: 73% base oils 9% fuel 12% asphalt extender

1. REFINERY OF CYCLON IN ASPROPYRGOS

Extent of installation = 24 acres

Storage capacity = 21.500 m3

Port premises for delivery

Pipes for delivery P/L petrol & gasoil

New technology loading system for trucks.

Cooperation (ΤROUGHPUT) with other companies

Is ensured added value in the increase of

provided services to the final consumer as much

as in the intensificationof controls of quality of

offered services.

2. FUEL STORAGE PREMISES IN PERAMA

CORPORATE ACTIVITIES

FUELS CYCLON

OFFERS TO THE

MARKET A

COMPLETE

RANGE OF

PRODUCTS

COMMERCIAL ACTIVITY (I)

GASOLINE

LRP (Lead Replacement Petrol)

UNLEADED 95 RON (DRIVE MAX=additive enhanced)

SUPER UNLEADED 100 RON

(DRIVE MAX=additive enhanced)

DIESEL OIL

GASOIL(Diesel)

HEATING OIL

AGRICULTURAL OIL

INDUSTRIAL CRUDE

AVIATION FUEL(JET A1)

SERVICES

• (FUEL STORAGE/ throughput)

• (TO THE CONSUMER VIA S.S NETWORK)

Crete 6

Thesallie

25

Thrace

2

Peloponese

17

Central Macedonian

50

East Macedonian

17 West

Macedonian

20

Central Greece and Evia 41

Attica

33 Ionian Islands

Cyclades

3 Dodecanese

Eastern Aegean islands

3

SERVICE STATION NETWORK

Epirus

10

SALES (M3) 2008 2009 2010 2011

Total unleaded

CYCLON

Market Share

5.125.243

126.259

2,46%

5.228.536

146.079

2,79%

4.865.759

140.288

2,88%

4.403.047

124.430

2,83%

Total Diesel

CYCLON

Market Share

7.350.756

212.652

2,89%

7.351408

285.090

3,88%

6.472.254

283.943

4,39%

6.035.975

245.551

4,07%

Fuels Total

CYCLON

Market Share

12.819.021

347.536

2,71%

12.832.454

438.188

3,41%

11.491.536

429.714

3,74%

10.528.441

374.028

3,55%

DOMESTIC FUEL MARKET

SEEPE DATA

Lubricants of cars and motorcycles. Diesel engines included agricultural and instruments of

excavation 2-temps engines-outboard Gear oils Industrial lubricants of general use, hydraulic, compressors

circulatory systems, pneumatic tools, cutting of metals, heat transfer, paraffin oils, oils for elevators, but also

lubricants for automatic gear boxes ,antifreeze brake fluids greases etc

Marine lubricants (cylinder and engine oils) Paraffin and Slack wax Lubricants of ΝΙPCO and ROL OIL brand names.

COMMERCIAL ACTIVITY (II) LUBRICANTS

LUBES CATEGORIES & SPECIAL PRODUCTS 200 different products of all kinds of packed lubricants that concerns:

COMMERCIAL ACTIVITY (III)

CYCLON MARINE

Cyclon for more than 30 years in the marine business fits the

needs of the most demanding customer. Cyclon offers a full range

of quality marine products that meet or exceed the requirements of

engine manufacturers, is strongly dedicated to fulfill the vessel’s

needs and offer full services and technical support 365 days a

year,to all our marine customers.

COMMERCIAL ACTIVITY (IV)

CYCLON AVIATION

A relatively new activity, offering specialized fuels and

lubricants for airplanes and helicopters. Today the

company claims a significant segment of the specific

market.

DOMESTIC AUTOMOTIVE & INDUSTRIAL & MARINE LUBES MARKET 2011

LUBES (in MT’S) TOTAL MARKET CYCLON MARKET SHARE

AUTOMOTIVE

& GEAR 48.000 2.400 5,0%

INDUSTRIAL 15.000 3.300 22%

MARINE 40.000 5.250 13,12%

TOTAL 103.000 10,6%

OTHER PRODUCTS

PARAFIN WAXES 11.000 8%

DOMESTIC BLENDERS /

IMPORTERS (>300 BRANDS)

47,30%

BP/CASTROL

13,80%

SHELL

14,80%

EKO

3,20%

TOTAL / ELF

3,60%

CYCLON

5%

PRIVATE LABEL (ΟΕΜ)

8,90%

AVIN

3,40%

DOMESTIC MARKET 2011 AUTOMOTIVE & GEAR LUBRICANTS

MARKET SHARES

MOBIL OIL HELLAS

7%

AEGEAN

6%

ELIN

5%

OTHERS

2%

EKO

15%

BP/CASTROL

18%

CYCLON

13%

SHELL

20%

CHEVRON

5%

TOTAL / ELF

5% AVIN

4%

DOMESTIC MARKET 2011 MARINE LUBRICANTS (Main & Secondary products)

MARKET SHARES

BP/CASTROL

29%

AVIN

7%

BLENDERS / IMPORTERS

17%

SHELL

25%

CYCLON

22%

DOMESTIC MARKET 2011 INDUSTRIAL LUBRICANTS

MARKET SHARES

AVIN

4%

EKO

8%

CYCLON

10%

BP/CASTROL

18%

SHELL

16%

BLENDERS /

IMPORTERS

33%

PRIVATE LABEL

OEM

4%

TOTAL / ELF

4%

CHEVRON

3%

DOMESTIC MARKET 2011 TOTAL LUBRICANTS MARKET (Automotive- Industrial- Marine)

MARKET SHARES

COMMERCIAL ACTIVITY (V) CYCLON EXPORTS–CYCLON AROUND THE WORLD

The company has achieved dynamic growth internationally,

in many European countries, in almost all the Balkan countries,the

Middle East, in the Mediterranean and in Far East.

EXPORT ACTIVITIES • EUROPE

- ROMANIA (CYROM-subsidiary)

- BULGARIA (BULVARIA-subsidiary)

- FYROM

- SERBIA

- ALBANIA

- UKRAINE

- RUSSIA

- POLAND

- HUNGARY

- IRELAND

- CROATIA

- ITALY

- BELGIUM

- MALTA

- CYPRUS

EXPORT ACTIVITIES •

MIDDLE EAST & S.E ASIA

- IRAQ

- TURKEY

- ISRAEL

- LEBANON

- JORDAN

- PALESTINE

- HONG-KONG

- R.O.C. -(TAIWAN)

EXPORT ACTIVITIES • AFRICA

- EGYPT

- ALGERIA

- LIBYA

- LIBERIA

EXPORT ACTIVITIES • AMERICAS

- USA

- CANADA

- URUGUAY

CYCLON operates on the fundamental

principal of achieving high quality in every

sector of its activities.

CYCLON products, both in the fuel and

lubricant sectors provide quality

guarantees derived from:

FOCUS ON QUALITY

QUALITY ACCREDITATION

INSTITUTES APPROVALS

AMERICAN PETROLEUM INSTITUTE (API)

CAR INDUSTRIES APPROVALS

• MERCEDES-BENZ • SCANIA • MAN

CYCLON HELLAS S.A being fully aware

of its responsibility towards the

environment,uses state-of-the-art

methods and implements Greek and EU

law and provides a special unit for

collecting concentrates and a biological

treatment system, beyond those

required by law, to further reduce the

impact of its activities on the

environment.

PROTECTING THE ENVIRONMENT

EMAS (Eco-Management and Audit Scheme)

EL- 000051 The EU Eco-Management and Audit Scheme (EMAS) is a management tool for

companies and other organisations that wish to evaluate, report and improve their

environmental performance on a continuing basis. Participation in EMAS is

voluntary. The Scheme is based on Regulation (EC) No 1221/2009 of the European

Parliament and of the Council of 25 November 2009, which entered into force on 11

January 2010, revising and modifying the Regulation (EC) 761/2001.

EMAS aims at:

•seeking continuous improvement of the environmental performance of public and

private organisations,

•resource savings and lower operating costs

•recognizing those organizations that implement an environmental management

system and have it certified by an accredited verifier,

•making publicly available the continuous improvement of the environmental

performance of an organization, improving thus the organisation image and offering

a marketplace advantage.

The participation in EMAS is confirmed with use of the EMAS logo.

EL.TE.PE HELLENIC ENVIRONMENTAL

TECHNOLOGY S.A

JOINT VENTURE WLO K.E.PE.D CENTRE OF ALTERNATIVE

ENVIRONMENTAL MANAGEMENT S.A

ARCELIA HΟLDINGS L.T.D (BULVARIA & CYROM)

CYTOP

ΕΛΤΕΠΕ ΚΟΙΝΟΠΡΑΞΙΑ

AFFILIATED COMPANIES

THANK YOU

Please visit our web site

www.cyclon.gr

BULVARIA