Announcement in the Context of Law 3556/2007

It is hereby announced that PETROSHARES LIMITED sold MOTOR OIL (HELLAS) S.A. shares as follows:

a) On May 3rd 2010, 80,000 shares of total value  € 720,000 and

b) On May 4th 2010, 600,000 shares of total value  € 5,400,000.

The present announcement is made in the context of article 6, par. 1(b) case (iv) of the Capital Market Commission Decision 3/347/12.7.2005, since the Board of Directors of PETROSHARES LIMITED consists of Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis, Panayotis N. Kontaxis and Petros T. Tzannetakis. 

The above individuals are, respectively, Chairman, Executive Vice-Chairman, Non – executive Vice-Chairman and Executive Member of the BoD of MOTOR OIL (HELLAS) S.A. and, therefore, obliged to acknowledge their stock exchange transactions on Company shares according to article 13 of Law 3340/2005.

Maroussi, May 5th, 2010