Announcement of Shareholder Voting Rights Percentage Change Pursuant to the Law 3556/2007

MOTOR OIL (HELLAS) S.A. hereby announces that on June 8th , 2011 its shareholder under the legal name Motor Oil Holdings S.A. notified that it is in possession of 45,151,712 Company shares corresponding to 40.757% of the voting rights of the Company.

The above mentioned percentage refers to the voting rights of the Company controlled by Motor Oil Holdings S.A. both directly (140,443 shares – 0.127% of voting rights) and indirectly through the legal entity PETROVENTURE HOLDINGS LIMITED (45,011,269 shares – 40.630% of voting rights).

According to its previous official notification made on June 1st, 2011, Motor Oil Holdings S.A. controlled 45.483% of the voting rights of the Company.

The present announcement is made pursuant to article 9 of the Law 3556/2007 since the percentage variance of the voting rights of the Company controlled by the shareholder under such acknowledgement obligation constitutes a change in excess of 3 percentage units.

June 6th, 2011 is the date of the stock exchange transaction which resulted in a voting rights variance change in excess of 3 percentage units. Prior to the critical date, Motor Oil Holdings S.A. directly and indirectly controlled 43.120% of the voting rights of the Company.

Maroussi, June 9th, 2011