Aegean Airlines, informs its shareholders, in accordance with article 19, paragraph 2 of Law 3556/2007 and in view of the Annual General Meeting of Shareholders, which will take place on Tuesday, May 12 2015 at 11:00, at the Company's headquarters (31, Viltanioti str., Kifissia), its intention  to amend Article 7 paragraph 1 of the Articles of Association.

More specifically, Article 7, paragraph 1, is amended as follows:

«Article 7

1. Board      of Directors Election: The Board of Directors shall be elected with a      secret voting by the General Shareholders Meeting to hold their office for      three years, which may be extended until the next AGM which shall be dully      convened after their term of office termination. In any case the term of      office could not exceed four years.

Following the above amendment to Article 7 paragraph 1 of the Articles of Association, the AGM is called to decide the codification of the Statute with the incorporation of the above modification to the existing text, which otherwise remains unchanged in a single text. The AGM is called to authorize the Chairman of the Board of Directors or the Vice Chairman to sign the Company's Articles of Association.