Conclusion of purchase of stake in OLYMPIC FUEL COMPANY S.A.

We hereby announce that the transaction for the purchase of 64.06% of the share capital of “OLYMPIC FUEL COMPANY (OFC) S.A.” by MOTOR OIL Group was concluded on May 8th, 2009. As a result, the participation of the Group in the share capital of OFC has become 92.06% with MOTOR OIL (HELLAS) S.A. and its subsidiary AVIN OIL A.V.E.N.E.P. owning 46.03% each.

Maroussi, 11 May 2009

The Board of Directors