It is hereby announced that on October 16, 2008, MOTOR OIL HOLDINGS S.A. purchased 4,357 MOTOR OIL (HELLAS) S.A. shares of total value euro 36,511.66. The present 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, since the Board of Directors of MOTOR OIL HOLDINGS S.A. consists of Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis, and Petros T. Tzannetakis, who are, respectively, Chairman, Vice-Chairman and Executive Member of the BoD of MOTOR OIL (HELLAS) S.A.
In addition, on the same date as above, Mr. Demosthenes N. Vardinoyannis, Non-Executive BoD Member, bought 12,000 Company shares of total value euro 102,291.
All the above individuals are obliged to acknowledge their stock exchange transactions on Company shares according to article 13 of Law 3340/2005.