MOTOR OIL (HELLAS) CORINTH REFINERIES SA

Interim dividend Euro 0.20 for the year 2004

The Board of Directors of the Company, following their decision of October 18th, 2004 for the distribution of an interim dividend for the year 2004, in their meeting dated November 8th, 2004 declared the amount of Euro 0.20 as the interim dividend per share.

The interim dividend will be paid at least twenty (20) days after the fulfillment of the publications and formalities provided for by Law 2190/1920. The ex-interim dividend date as well as the interim dividend payment commencement date will be determined with a subsequent decision of the Board of Directors