Outcome of the statutory Tax Audit for the fiscal years 2002, 2003 and 2004

In the context of the Regulation of the Athens Stock Exchange (article 275, par. 9d), MOTOR OIL (HELLAS) S.A hereby announces the completion of the statutory tax audit for the fiscal years 2002, 2003 and 2004. According to the tax audit outcome the aggregate liability of the Company amounts to Euro 5,433,206 (of which an amount of Euro 3,396,943 concerns tax relating to accounting differences and an amount of Euro 2,036,263 concerns surcharges) and will be charged against the earnings of the fiscal year 2006.
 

MAROUSSI,  FEBRUARY 20th, 2007

THE BOARD OF DIRECTORS