Announcement of Shareholder Voting Rights Percentage Change Pursuant to the Law 3556/2007

MOTOR OIL (HELLAS) S.A. hereby announces that on June 1st, 2011 its shareholder under the legal name DOSON INVESTMENTS COMPANY notified that it is in possession of 9,726,171 Company shares corresponding to 8.78% of the voting rights of the Company.

DOSON INVESTMENTS COMPANY is an entity jointly controlled by Messrs Nikos and John Th. Vardinoyannis the former of whom is a Non-Executive member of the Board of Directors of MOTOR OIL (HELLAS) S.A. and personally in possession of an additional number of 2,590 Company shares corresponding to a negligible voting rights percentage.

The present announcement is made pursuant to article 9 of the Law 3556/2007 since the percentage of the voting rights possessed by DOSON INVESTMENTS COMPANY exceeds the 5% threshold.

May 30th, 2011 is the date of the stock exchange transaction as a result of which the percentage of Company voting rights possessed by the shareholders under notification obligation exceeded the 5% threshold. Prior to the critical date, DOSON INVESTMENTS COMPANY controlled 3.14% of the voting rights of the Company.

Maroussi, June 2nd, 2011