AEGEAN AIRLINES following the announcements dated 15.06.2011 and 16.12.2011 related to the approval of the option of a share buyback, hereby announces the termination on 21.06.2012 of the interim period, spanning 21.12.2011 to 21.06.2012, which had been set by virtue of a Board Decision dated 15.12.2011 for the activation of the share buyback program for up to 1% of the Company's paid capital, pursuant to the decision of the Shareholders General Meeting of 14.06.11.

The Company notifies that it did not proceed with a share buyback within the aforementioned interim period and does not hold any treasury shares today.

It is noted that the Shareholders General Meeting of 14.06.11 had approved the option to the Company to buy back its own shares, in accordance with article 16 of L. 2190/20, and more specifically up to 7.141.710 shares, the nominal value of which will not exceed 1/10 of its paid capital, for a period beginning 15/6/2011 to 14/6/2013. In accordance with regulation in force, the implementation of aforementioned approved share buy-back programme is under the responsibility and discretion of the Company's Board of Directors.