Announcement in the Context of Law 3556/2007

It is hereby announced that on October 27, 2008, MOTOR OIL HOLDINGS S.A. purchased 3,000 MOTOR OIL (HELLAS) S.A. shares of total value  € 20,400. The present announcement is made in the context of article 6, par. 1(b) case (iv) of the Capital Market Commission Decision 3/347/12.7.2005, since the Board of Directors of MOTOR OIL HOLDINGS S.A. consists of Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis, and Petros T. Tzannetakis. 

The above individuals are, respectively, Chairman, Vice-Chairman and Executive Member of the BoD of MOTOR OIL (HELLAS) S.A. and, therefore, obliged to acknowledge their stock exchange transactions on Company shares according to article 13 of Law 3340/2005.

Maroussi, October 29, 2008