Outcome of the Statutory Tax Audit for the Fiscal Years 2005 - 2008

In the context of the Regulation of the Athens Exchange (section 4.1.3.1), MOTOR OIL (HELLAS) S.A. hereby announces the completion of the statutory tax audit for the fiscal years 2005, 2006, 2007 and 2008. According to the outcome of the tax audit, the additional tax liability concerning accounting differences amounted to approximately Euro 6.7 million plus surcharges on additional tax of approximately Euro 2.2 million. The financial results of the fiscal year 2009 will be charged with the amount of Euro 5.9 million approximately.

MAROUSSI,  DECEMBER 14th, 2009

THE BOARD OF DIRECTORS