A study of the mechanism of the catalytic transformation of mixed ethyl acetate (EA) + methyl acetate (MA) (50:50 v/v) to hydrocarbons over HZSM‐5 (Si/Al ratio of 9) catalyst was conducted. The reaction was carried out in a continuous fixed‐bed reactor under atmospheric pressure and in the temperature range 250–390°C and with weight hourly space velocity of 3.2 and 4.6 h−1. The distribution of products including monoaromatics, fused ring aromatics and oxygenates was determined using GC‐MS. The product distribution was controlled by temperature. The oxygenate components (kinetically controlled products) were transformed into aromatics (thermodynamically controlled products) with an increase in temperature. The effluents were benzene‐free or with low content of benzene and toluene. Two intermediates were proposed for this conversion to hydrocarbons over HZSM‐5: cyclobutane‐1,3‐dione and/or acetic acid (AA) as ketene source. Furthermore, AA and mesityl oxide (MO) were selected as potential intermediates in the transformation of mixed EA + MA into hydrocarbons over HZSM‐5. It is suggested that ketene dimerization, the phenolic pool and the condensation reaction between ketene and MO are the probable mechanism routes for AA conversion. Aldol condensation, Michael addition, cracking, isomerization and ketene formation are the presumable pathways for MO conversion over HZSM‐5.