MOTOR OIL (HELLAS) CORINTH REFINERIES S.A announces that, following the decision of the Extraordinary General Shareholders Meeting of 19.2.2003 regarding the Buy Back of its own shares, during the period 1.12.2003 - 19.2.2004, which was defined by the BoD in its meeting of 24.11.2003, the Company did not acquire any shares. Furthermore, the Company announces that the

Buy Back process of its own shares, which commenced on 3.3.2003, terminated on 19.2.2004 and during the course acquired an aggregate of 205,890 own shares (average purchase price Euro 6.73 per share) which represent a percentage of 0.1858 % of its share capital.