MOTOR OIL (HELLAS) CORINTH REFINERIES SA

Announcement

The Board of Directors of the Company in its meeting dated October 13th , 2006 decided the distribution of an interim dividend to its shareholders as an advance payment of the dividend for the fiscal year 2006.
The exact amount of the interim dividend per share will be determined with a subsequent decision of the Board of Directors based on the net Company earnings of the period 1.1.2006-30.9.2006 according to the relevant accounting financial statements. The ex-interim dividend 2006 and the first day of payment will take place after November 17th, 2006 and prior to December 15th, 2006 which signify the expiration dates for the Futures Contracts on the FTSE/ATHEX 20 index in which the Company'' s stock is included.