Month: March 2006

According to the article 282 paragraph 1 of the Regulation of the Athens Exchanges, MOTOR OIL (HELLAS) S.A announces that on March 23rd, 2006 its shareholder under the legal name Petroshares Limited sold 6,500,000 shares and as a result its direct stake in the Company from 16.4% decreased to 10.54%. At the same time the indirect stake of Motor Oil Holdings S.A (the legal entity which controls Petroshares Limited) from 67.4% decreased to 61.54%.

Maroussi, March 24th, 2006

According to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Markets Commission, it is hereby announced that the Board of Directors of the Company during its meeting dated February 28th, 2006 reorganized as a Body Corporate as follows:

Vardis J. Vardinoyannis  – Chairman and Managing Director, Executive Member

John V. Vardinoyannis – Vice Chairman, non executive member

Panagiotis Ν. Kontaxis – Vice Chairman, non executive member

John N. Kosmadakis – Deputy Managing Director, Executive member

Petros Τ. Tzannetakis – Deputy Managing Director, Executive member

Demosthenes N. Vardinoyannis – non executive member

Nikos Th. Vardinoyannis – non executive member

George P. Alexandridis – non executive member

George Th. Theodoroulakis – non executive member

Despina N. Manolis – non executive member

Konstantinos V. Maraveas – non executive / independent member

Leonidas K. Georgopoulos – non executive / independent member 

From the above members, Mr. Demosthenes N. Vardinoyannis (non executive member) was elected in the place of Mrs Irene – Caroline Kontoyannis (executive member) who resigned.

 

MAROUSSI, 1.3.2006

THE BOARD OF DIRECTORS