Announcement of other important matters

It is hereby announced that the international tender for the award of the construction of a new Crude Distillation Unit with 60,000 bbl/d processing capacity has been completed.  

The project was awarded to the company “TECHNIP Italy”. The capital expenditure for the new unit will be approximately € 180 million. 

This project is part of the Refinery Expansion Program for which MOTOR OIL has invested significant funds over the recent years. 

Following the installation of the new crude unit the total capacity of the Refinery will exceed 170,000 bbl/d or 9 million MT per annum. 

Additional benefits are expected from the substitution of imported Straight Run Fuel Oil by own produced SRFO, the optimization of the crude supply, and the ability to process new types of crude. 

The new unit will be put in operation at the beginning of 2010.

Maroussi, January 29th, 2008.

The Board of Directors