Announcement in the Context of Law 3556/2007

It is hereby announced that on June 6th, 2011, PETROVENTURE HOLDINGS LIMITED sold through an Over-The-Counter (OTC) transaction 2,617,785 MOTOR OIL (HELLAS) S.A. shares of total value  € 23,560,065.

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 PETROVENTURE HOLDINGS 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 the Law 3340/2005.

Maroussi, June 7th, 2011