AEGEAN AIRLINES (the Company) hereby announces, in accordance with article 2, paragraph 2(e) of Hellenic Capital Market Commission's Decision 3/347/12.07.2005 the following change in the composition of the Company's Board of Directors. More specifically, in the Board's meeting of 19.12.2013, Mr. Nicholas Nanopoulos was elected as new Non-Executive member, in replacement of the resigned Non-Executive member Mr. Markos Tsaktanis.

Following the aforementioned election, the composition of the Board of Directors is as follows:

1. Theodore Vassilakis, Chairman, Executive Member

2. Eftichios Vassilakis, Vice Chairman, Executive Member

3. Dimitrios Gerogiannis, Managing Director, Executive Member

4. Achilleas Constantakopoulos, Non-Executive Member

5. Anastasios David, Non-Executive Member

6. Iakovos Georganas, Non-Executive Member

7. Christos Ioannou, Non-Executive Member

8. Panagiotis Laskaridis, Non-Executive Member

9. Alexandros Makridis, Independent, non-executive Member

10. Nicholas Nanopoulos, Non-Executive Member

11. Victor Pizante, Independent, non-executive Member

12. George Vassilakis, Non-Executive Member

In addition, it was decided among other issues that Mr. George Vassilakis, non-Executive member of the BoD will replace the resigned member Mr. M. Tsaktanis in the Company's Audit Committee.  

The election of the new Member of the BoD as well as the Audit Committee will be ratified by the next General Meeting of the Company's Shareholders, in accordance with the provisions of the law and the Company's Articles of Association.