Kifissia, 18 July 2014

In accordance with the provisions of Law 3340/2005 (art. 13) and the resolution of the Hellenic Capital Market Commission 3/347/12.7.2005 (Art. 6), Aegean Airlines (the Company) announces that following notification submitted by Piraeus Bank on 18/07/2014, the latter sold on 17/07/2014 3,332,004 common shares of the Company for the aggregate amount of Euro 20,758,384.92.

Piraeus Bank is, pursuant to the aforementioned provisions, a related legal entity with a. Mr. Iakovos Georganas, First non-executive Vice Chairman of the Board of Directors of Piraeus Bank and non-executive Member of the Board of Directors of the Company and b. Mr. Eftichios Vassilakis, non-executive member of the Board of Directors of Piraeus Bank and executive Vice Chairman of the Board of Directors of the Company.