Announcement in the context of Law 3556/2007

It is hereby announced that on October 24, 2008, the individuals listed hereunder (all obliged to acknowledge their stock exchange transactions on Company shares according to article 13 of Law 3340/2005), purchased MOTOR OIL (HELLAS) S.A. shares as follows:

1) Mr. Demosthenes N. Vardinoyannis, Non-Executive BoD Member: 14,000 shares of total value €99,313.68. 

2) Mr. Petros T. Tzannetakis, Deputy Managing Director – Chief Financial Officer and Executive BoD Member: 1,000 shares of total value €6,730.

3) Mr. Theodore Porfyris, Chief Accountant: 3,000 shares of total value €20,900.

4) Mr. Ioannis Dimakis, Corporate Announcements Officer: 3,000 shares of total value €20,880.

5) The spouse of Mr. Ioannis Dimakis, Corporate Announcements Officer: 1,250 shares of total value €8,675. 

Maroussi, October 27, 2008