Aegean Airlines (the Company) hereby announces according to the provisions of Law 3556/2007, Hellenic Capital Market Commission Decision 1/434/3.07.2007 and Law 3340/2005, that following relevant notifications submitted by its shareholders, the sale of 6,000,000 shares, representing 8.4% of the Company's share capital was completed for a total amount of EUR 44.16m, through an international accelerated book building process with a private placement to qualified and institutional investors.  The sellers were the following: a. Evertrans S.A., controlled by Theodore Vassilakis, which sold 4,020,736 shares for Euro 29,592,617, b. Alnesco Enterprises, controlled by Mr. Panagiotis Laskaridis, which sold 989,632 shares for Euro 7,283,692 and Siana Enterprises, controlled by Mr. Athanasios Laskaridis, which sold 989,632 shares for Euro 7,283,692. 

As a result of the transaction, the total stake (direct and indirect) of Mr. Theodore Vassilakis in Aegean Airlines falls to 39.80% from 34.17% (corresponding to 24.402.013 shares and voting rights), controlled as follows:

a) 23.60% (corresponding to 16.855.504 shares and voting rights) is held through EVERTRANS S.A. which is controlled by Mr. Theodore Vassilakis and

b) 10.57% (corresponding to 7,546,509 shares and voting rights) is held through AUTOHELLAS A.T.E.E., which is controlled by Mr. Theodore Vassilakis.  

As a result of the transaction, the free float of the company rises by 8.4 percentage points, contributing to liquidity of the shares in the market.