Proposed amendments of articles of association (AGM June 28th, 2012)

According to article 19 paragraph 2 of the Law 3556/2007, MOTOR OIL (HELLAS) S.A. hereby presents the proposed amendments of its Articles of Association with regard to item 8 of the daily agenda of the Annual Ordinary General Meeting of Company Shareholders to be convened on Thursday June 28^th, 2012 at 12:30 hrs at NJV Athens Plaza Hotel (2 Vasileos Georgiou A’ str., Syntagma Square). 

Item 8 of the daily agenda concerns the amendment of article 5 (Share Capital) of the Company’s Codified Memorandum since the return of capital to the shareholders will be effected through the reduction of the share nominal value by Euro 0.10. 

Therefore, two new paragraphs will be inserted at the end of article 5 of the Company’s Codified Memorandum as follows: 

“Following the decision of the Annual Ordinary General Assembly of Company shareholders dated June 28^th, 2012 the share capital of the Company was reduced by the amount of Euro 11,078,298 through subsequent reduction of the nominal value of each Company share by the amount of Euro 0.10 and payment of the respective amount to the Company shareholders. 

As a result of the above decision, the share capital of the Company amounts to Euro 94,165,533 divided into 110,782,980 common registered shares of a nominal value Euro 0.85 each.”
 

Maroussi, June 12^th, 2012.

The Board of Directors