Announcement in the Context of the Law 3556/2007

It is hereby announced that on August 23rd, 2011, MOTOR OIL HOLDINGS S.A. purchased 9,476 MOTOR OIL (HELLAS) S.A. shares of total value  € 62,012.17.

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 MOTOR OIL HOLDINGS S.A. consists of Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis, and Petros T. Tzannetakis.

The above individuals are, respectively, Chairman, 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, August 24th, 2011