According to the article 281 paragraphs 3 and 4 of the Regulation of the Athens Exchange, MOTOR OIL (HELLAS) S.A announces that on November 14th, 2005 its shareholder under the legal name Aramco Overseas Company B.V transferred by the means of an over the counter transaction the aggregate of its stake in the Company, totaling 18,173,690 shares, to the entity under the legal name Petroshares Limited as contribution in specie to the share capital of the latter. Consequently, the direct stake of Aramco Overseas Company B.V in the share capital of MOTOR OIL (HELLAS) S.A decreased to 0% while the respective stake of Petroshares Limited (which is controlled by Aramco Overseas Company B.V) increased to 16.4%.