Buy back of own shares

MOTOR OIL (HELLAS) S.A announces that in accordance with the relevant decision of the Annual Ordinary General Meeting of its shareholders of June 1st, 2004 for the acquisition of its own shares, during the fourth and last interim buy back period which was defined from 1.3.2005 until 20.5.2005 (included), it intends to buy the remainder number of 1,050,000 own shares (0.95% of the total number of the issued and outstanding shares of the Company), with minimum price euros 5.00 per share and maximum price euros 10.30 per share.


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