PRESS RELEASE

Subject: Update regarding unprecedented price increases in the global lubricants market

Giannitsa, June 03, 2026
To: All Partners of Topsystem

Dear partners

With this press release, Top System wishes to inform you reliably and with absolute transparency about the rapid and unprecedented developments currently taking place in the global lubricants market. The international community is facing an unprecedented crisis in the supply chain and raw materials, which has triggered a wild and continuous increase in production costs on a global scale.

Geopolitical turmoil, the vertical rise in crude oil prices, the shortage of key additives, and the inflated costs of energy and transportation have forced all major international lubricant manufacturers to proceed with successive adjustments to their price lists. This situation directly and horizontally affects the entire industry, from base mineral oils to the most advanced synthetic products.

At Topsystem, always focusing on respect for the professional and the final consumer, we have made every possible effort in the recent period to absorb a significant part of these price hikes through our strategic management and inventory. However, the magnitude and speed of these global changes now make it impossible to fully balance costs without a partial adjustment of our prices.

We want to assure you that our primary goal remains ensuring the top quality of our products and the uninterrupted supply of the market, without any compromise on the standards you have trusted all these years. Our team is at your disposal to discuss individually with each partner, offering the best possible solutions to support your businesses in this demanding juncture.

Thank you very much for your continuous trust, understanding, and steadfast cooperation.

Sincerely,

The Management of Top System