It is hereby announced that on January 16th, 2008, PIRAEUS SECURITIES S.A. purchased 231 MOTOR OIL shares of total value euro 3,243.24 which it sold on the same day at euro 3,252.48. This announcement is made in the context of article 6, par. 1(b) case (iv) of the Capital Market Commission Decision 3/347/12.7.2005, considering that PIRAEUS SECURITIES S.A. is controlled by PIRAEUS BANK, on the Board of which Mr. Ioannis V. Vardinoyannis is Non-Executive Vice-Chairman and Mr. George Alexandridis Independent, Non-Executive Member.
Both Mr. Ioannis V. Vardinoyannis and Mr. George Alexandridis are obliged to acknowledge their stock exchange transactions on the Company's shares according to article 13 of Law 3340/2005, in their capacity as Non-Executive Vice-Chairman and Non-Executive Member, respectively, of the Board of Directors of MOTOR OIL.