MOTOR OIL (HELLAS) CORINTH REFINERIES SA

Payment of the interim dividend for the year 2008.

It is announced that the Board of Directors of the Company in its meeting of November 11th, 2008 decided the distribution of an interim dividend of 0.20 Euro per share as advance payment for the year 2008 dividend. The above interim dividend amount is subject to a 10% tax (that is 0.02 Euro per share) imposed on dividends pursuant to article 18 of the recent Law 3697/2008 (Government Gazette A 194/25.9.2008). Shareholders entitled to the interim dividend are the owners of the shares of the Company at the closing of the trading day of the Athens Exchange of December 3rd, 2008 according to the clearing of the Hellenic Exchanges S.A (previously Central Securities Depository - CSD - S.A.). The shares of the Company will be trading ex-interim dividend as of December 4th, 2008.
The payment of the interim dividend for the year 2008 to the shareholders will be effected according to one of the following options through the payee bank BANK OF PIRAEUS S.A on December 12th, 2008:
1. Through the Dematerialized Securities System (S.A.T) Operators (banks, brokerage - securities firms) according to the payment procedure defined in article 329 of the Athens Exchange Regulation and in article 39 of the CSD Regulation
2. Shareholders who have revoked the dividend collection authorization to their S.A.T Operators will be attended to at any branch of BANK OF PIRAEUS S.A
3. Shareholders not credited by their S.A.T Operators, for whatever reason, will be attended to at any branch of BANK OF PIRAEUS S.A after December 18th, 2008.
For the cases 2 and 3 described above, shareholders can collect the interim dividend in person or through their legally authorized representative until June 30th, 2009 by presenting to the payee bank a copy of their S.A.T details and their Identification Card.
After June 30th, 2009 the collection of the interim dividend will be possible only from the Headquarters of the Company, Shareholders' Department (12A Irodou Attikou str., 151 24 Maroussi tel. 210 8094 042).
Interim dividend collection certificates (for tax purposes) for the cases 2 and 3 will be issued by BANK OF PIRAEUS S.A while shareholders falling into case 1 will be attended to by the Shareholders' Department of the Company (tel. 210 8094 042).
Dividends which will not be collected within 5 years are written off in favour of the Hellenic State.