Month: June 2008

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, MOTOR OIL (HELLAS) S.A. hereby announces that it agreed with the company IBERDROLA S.A to repurchase the total stake of the latter in the share capital of the company KORINTHOS POWER S.A. which owns an electricity generation license. The transaction is subject to the approval by the Ministry of Development as well as the recommendation of the Regulatory Authority for Energy (R.A.E).

Maroussi, 20 June 2008

The Board of Directors

It is hereby announced that on June 13th, 2008, the individuals listed hereunder (both obliged to acknowledge their stock exchange transactions on the Company’s shares according to article 13 of Law 3340/2005), purchased Company shares as follows:

a) Mr. Demosthenes N. Vardinoyannis, Non-Executive BoD Member – 4,000 shares of total value € 53,680 
 
b) The spouse of Mr. Ioannis Dimakis, Corporate Announcements Officer – 1,200 shares of total value   € 16,128

Maroussi, June 17th, 2008.

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, which was elected by the Annual Ordinary General Assembly of Company Shareholders of May 29th, 2008, during its meeting dated June 2nd, 2008 organized 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
Antonios H. Theoharis – non executive / independent member

The term of the new Board of Directors expires on the next Annual Ordinary General Assembly of Company shareholders which will approve the Financial Statements for the year 2008.

MAROUSSI, June 2nd, 2008

THE BOARD OF DIRECTORS