AEGEAN AIRLINES S.A.

Announcement

In accordance with the directives of the Presidential Decree 82/96 (article 1, paragraph 5) concerning the registration of shares of societes anonymes that participate in public tenders, as amended by the directives of article 8 of Law 3310/2005 concerning the transparency of public contracts which was amended and supplemented by Law 3414/2005, "AEGEAN AIRLINES" (The Company) announces its intentions to participate and submit offers in the tender under protocol number Δ1/Β/40470/3430/16.10.2009 Invitation for the submission of offers, published by the Hellenic Republic - Ministry of Infrastructure, Transport & Networks - in accordance with articles 16, 17 και 18 of EC Regulation No 1008/2008 for the operation of scheduled air services in 24 routes in accordance with public service obligations.
The submission date is January 13, 2010, or in the case of postponement the new date that will be determined.
It is noted that the Invitation of the aforementioned tender does not determine a budget.
It is further announced by the Company that its shareholders that are societes anonymes and hence must have their shares registered to physical entities in accordance with the presidential decree 82/1996, must submit within the legal timeframe to the Company all data required for the determination of their shareholders in accordance with article 3, paragraph 1 of aforementioned presidential decree. Non compliance with the above deprives shareholders from their presentation and voting rights in the Company's general assembly and any kind of property rights derived by their shareholding, up to their full conformity to the above obligations.