MOTOR OIL (HELLAS) CORINTH REFINERIES SA

Distribution of an interim dividend to its shareholders as an advance payment of the dividend for the fiscal year 2004.

The Board of Directors of the Company in its meeting dated October 18th , 2004 decided the distribution of an interim dividend to its shareholders as an advance payment of the dividend for the fiscal year 2004. The exact amount of interim dividend per share will be determined with a subsequent decision of the Board of Directors based on the net Company earnings of the period 1.1.2004-30.9.2004 according to the relevant accounting financial statement.