Decision of the Repeat General Meeting of June 10th, 2010

Pursuant to the section 4.1.3.3 of the Regulation of the Athens Exchanges, MOTOR OIL (HELLAS) S.A. hereby announces that the Repeat General Meeting was convened on June 10th, 2010 at 10:00 hours at Athens Plaza hotel, Syntagma Square and shareholders attended representing a percentage of 60.71% of the share capital.

The unique item on the daily agenda “Company share capital increase through capitalization of Retained Earnings, Tax Free Reserves and Share Premium, with subsequent increase of the nominal value of the Company shares and respective amendment of the Articles of Association” was approved.

 More specifically, the shareholders approved the capitalization of an aggregate amount of € 99,704,682 with subsequent increase of the nominal value of the Company shares by € 0.90 (from € 0.30 to € 1.20).

 As a result the Company share capital will increase to € 132,939,576 from € 33,234,894, that is 110,782,980 shares (there will be no change in the number of shares) times the nominal value of € 1.20 per share.

Τhe trading commencement date of the existing shares under their new nominal value will be acknowledged with a subsequent Company announcement.

Maroussi, June 11th, 2010

The Board of Directors