Announcement in the context of PD 51/1992

According to the article 281 paragraphs 3 and 4 of the Regulation of the Athens Exchange, MOTOR OIL (HELLAS) S.A announces the following: 

On November 22nd, 2005 the foreign company under the legal name Motor Oil Holdings S.A became controlling shareholder of the foreign companies – shareholders of MOTOR OIL (HELLAS) S.A under the legal names Petroventure Holdings Limited and Petroshares Limited the stakes of which in the share capital of the Company, both prior and following the completion of the transaction, were and remain 51% and 16.4% respectively. 

On the same date mentioned above, the foreign company under the legal name Aramco Overseas Company B.V, controlling shareholder of the company – shareholder of MOTOR OIL (HELLAS) S.A under the legal name Petroshares Limited, effected the sale of the aggregate number of shares in its possession issued by the latter. At the same time, Aramco Overseas Company B.V sold the aggregate number of shares in its possession (corresponding to 50% of the share capital) issued by the foreign company Petroventure Holdings Limited which is a shareholder of MOTOR OIL (HELLAS) S.A. Hence, the aggregate stake (both direct and indirect) of Aramco Overseas Company B.V in MOTOR OIL (HELLAS) S.A became nil.