MOTOR OIL (HELLAS) S.A announces that, following the relevant decision of the Annual Ordinary General Shareholders' Meeting of June 1st, 2004, it intends to acquire own shares up to 0.25% of the total issued and outstanding shares of the Company, that is 277,000 shares, with a minimum price euros 5.00 per share, maximum price euros 10.30 per share and validity from 14.6.2004 to 31.8.2004.