MOTOR OIL (HELLAS) CORINTH REFINERIES SA

The first day of payment of the dividend remainder for the fiscal year 2004, amounting to euros 0.65 per share, is Friday June 17th, 2005.

It is announced to the Company Shareholders that the first day of payment of the dividend remainder for the fiscal year 2004, amounting to euros 0.65 per share, is Friday June 17th, 2005. Shareholders entitled to the remainder of dividend for fiscal year 2004 are the owners of the shares of the Company at the closing of the trading day of the Athens Stock Exchange of May 31st, 2005 according to the clearing of the Central Securities Depository S.A.

The payment will be effected by the means of crossed bankers` drafts made payable to the shareholders mailed to their address. For the collection of the dividend it is necessary that shareholders present to the Bank both the bankers` drafts and their Identification Card. In case bankers` drafts are lost or undelivered shareholders can contact the Headquarters of the Company (tel: 210 80 94 042, Shareholders` Department). Dividends which will not be collected within 5 years are written off in favor of the Hellenic State.