Hellenic Competition Commission approval of MOTOR OIL – SHELL concentration

In the context of article 2 paragraph 2 ib) of the Decision 3/347/12.7.2005 of the Board of Directors of the Hellenic Capital Market Commission, and following receipt of a Hellenic Competition Commission letter dated June 11th, 2010, MOTOR OIL (HELLAS) S.A. hereby announces the approval of the concentration with SHELL HELLAS S.A. The terms and conditions (corrective measures) set to the acquirer MOTOR OIL by the Hellenic Competition Commission concern the loss, within a specific timescale, of certain either SHELL or AVIN retail outlets in the Ioannina and Cefallonia prefectures as a means to limit the market share in the gasoline, auto and heating diesel retail sectors to 55%.

Maroussi, June 14th, 2010

The Board of Directors