Coral S.A., which operates in the Cypriot market under the name Coral Cyprus (Shell Licensee), was honored at the 14th Invest Cyprus International Investment Awards, held on Thursday, July 9, 2026, at the Hilton Nicosia, at an event held under the auspices of the Office of the President of the Republic of Cyprus, Mr. Nicos Christodoulides.

The award recognizes Coral’s investment presence in Cyprus, its contribution to the local economy, and its steadfast commitment to the development of the country’s retail energy sector through high-quality products, enhanced services, continuous investment in infrastructure, and a long-term approach to the Cypriot market.

Since entering the Cypriot market in 2017, Coral Cyprus has significantly expanded its presence, investing approximately €40 million. Today, the company operates a nationwide network of 42 Shell-branded gas stations, having substantially expanded its presence from the more than 20 stations it took over during the initial phase of its operations in the country.

This growth is supported by a broad ecosystem of partners, service station operators, and people who contribute daily to serving drivers throughout Cyprus. At the same time, Coral Cyprus continues to evolve the role of its gas stations into modern driver service centers, offering high-quality fuels, practical solutions, and innovative services that meet the changing needs of consumers.

Commenting on the award, Mr. Manolis Kalathas, Country Manager of Coral Cyprus, stated: “It is a great honor for Coral S.A. and, by extension, for Coral Cyprus to be recognized at the Invest Cyprus International Investment Awards. This distinction is a significant recognition of our long-term commitment to Cyprus, its economy, and its people. It reflects not only our business journey but also a path of continuous investment, trust, and collaboration with our customers, our station operators, our partners, and the communities we serve. Cyprus is a market of strategic importance to us. Its geographic location, stable business environment, its status as a member state of the European Union, and the quality of professional relationships that characterize the local market create a strong foundation for long-term growth. With the support of the Coral Group and the

Motor Oil Hellas Group, we will continue to invest in expanding our network, in our people, and in comprehensive service solutions, with the goal of remaining the most reliable energy partner for drivers in Cyprus.”

The award also highlights Coral Cyprus’s contribution to the country’s broader business ecosystem through investments in infrastructure, service upgrades, digital solutions, reward programs, and partnerships that enhance the daily experience of drivers and businesses.

At a time when the energy sector is undergoing a transformation, with an emphasis on innovation, sustainability, technology, and new consumer expectations, Coral Cyprus remains committed to the continuous development of its network and services. The company’s goal is to actively contribute to the advancement of the energy sector and modern services for drivers in Cyprus, creating lasting value for customers, employees, partners, and society.

Coral Cyprus (Shell Licensee) has been operating in the Cypriot market since 2017 and is the official licensee of the Shell brand in Cyprus, as a member of the Coral Group and the Motor Oil Hellas Group. Today, it operates a nationwide network of 42 Shell-branded service stations, offering high-quality fuels, products, and services to meet drivers’ daily needs. The company has invested approximately €40 million in the Cypriot market, strengthening its network, upgrading its infrastructure, and transforming its service stations into modern driver service centers. At the Group level, Coral operates an extensive network of approximately 900 service stations in Greece, as well as a growing presence in Southeast Europe, including Cyprus, Serbia, Croatia, North Macedonia, and Albania.

For more information, please visit the websites: www.coralenergy.com.cy and www.shell.com.cy.