AEGEAN AIRLINES S.A.

Announcement according to Articles 3 & 21 of Law 3556/2007

In accordance with Articles 3 & 21 of Law 3556/2007, Aegean Airlines SA announces the sale of 2,000 shares of Aegean Airlines SA on 16.07.2007 for a total consideration of Euro 18,100 by its Commercial Director Mr. Stavros Spyros Daliakas (designated an insider under Article 13 of Law 3340/2005).