AEGEAN AIRLINES S.A.

Notification of significant changes in voting rights according to L. 3556/2007

AEGEAN AIRLINES (the company) announces in accordance with L. 3556/2007, the resolution 1/434/3.7.2007 and Circular number 33 of the Hellenic Capital Market Commission that shareholder Mr. Leonidas Ioannou has submitted on 10/08/2009 to the Hellenic Capital Market Commission and the company notification of significant changes in voting rights according to which following a donation of 3,550,000 shares that took place on 07/08/2009 to his children, his participation in the company's share capital fell from 5.964% (corresponding to 4,260,000 shares and voting rights) to 0.993% corresponding to 710,000 shares and voting rights.