MOTOR OIL (HELLAS) S.A announces that the Annual Ordinary General Meeting of the Company shareholders of May 30th, 2006 approved the distribution of an aggregate dividend amount of Euro 1.10 per share for the fiscal year 2005. It is reminded that on December 20th, 2005 the Company paid an interim dividend of Euro 0.20 per share as advance payment for the year 2005 dividend. As a result the remainder amount of dividend payable for the year 2005 equals Euro 0.90 per share. Shareholders entitled to the remainder amount of dividend are the owners of the shares of the Company at the closing of the trading day of the Athens Stock Exchange (A.S.E) of May 31st, 2006 according to the clearing of the Central Securities Depository (C.S.D) S.A. As of June 1st, 2006 the shares will trade ex-dividend remainder for the year 2005. The payment of the dividend remainder for the year 2005 to the shareholders will be effected according to one of the following options through the payee bank BANK OF PIRAEUS S.A on June 9th, 2006:
1. Through the Dematerialized Securities System (S.A.T) Operators (banks, brokerage - securities firms) according to the newly established payment procedure defined in article 329 of the A.S.E Regulation and in article 39 of the CSD Regulation.
2. Shareholders who have revoked the dividend collection authorization to their S.A.T Operators will be attended to at any branch belonging to the BANK OF PIRAEUS S.A. network.
3. Shareholders not credited by their S.A.T Operators, for whatever reason, will be attended to at any branch belonging to the BANK OF PIRAEUS S.A network after June 16th, 2006.
For the cases 2 and 3 described above, shareholders can collect the dividend remainder in person or through their legally authorized representative until December 31st, 2006 by presenting to the payee bank a copy of their S.A.T details and their Identification Card. After December 31st, 2006 the collection of the dividend remainder will be possible only from the Headquarters of the Company, Shareholders' Department (12A Irodou Attikou str., 151 24 Maroussi tel. 210 8094 042). Dividends which will not be collected within 5 years are written off in favor of the Hellenic State.