Illuminated oil refineries at night

Transaction notifications

14 Jan 2008

Announcement in the Context of Law 3556/2007

It is hereby announced that on January 11th, 2008, the individuals listed hereunder (all obliged to acknowledge their stock exchange transactions on the Company’s shares according to article 13 of Law 3340/2005), purchased Company shares as follows:

a)Mr. Demosthenes N. Vardinoyannis, non-executive BoD Member – 3,000 shares of total value € 44,700

b)Mr. Theodore Porfyris, Chief Accountant – 2,000 shares of total value   € 30,000.

In addition, on the same date mentioned above, Mr. Ioannis Dimakis, Corporate Announcements Officer, effected stock lending of 6,000 shares of total value  € 92,040 through a Repurchase Agreement.

Maroussi, January 14th, 2008.