AEGEAN AIRLINES S.A.

Announcement according to Law 3340/05

In accordance with the provisions of Law 3340/2005 (art. 13) and the resolution of the Hellenic Capital Market Commission 3/347/12.7.2005 (Art. 6), Aegean Airlines (the Company) announces that following notification submitted by Piraeus Bank on 29/1/2008 and on 30/1/2008, the latter acquired on 28/1/2008 7,830 common shares of the Company for the aggregate amount of Euro 44,228 and on 29/1/2008 3,115 shares for the aggregate amount of Euro 18,045.50.
Piraeus Bank is, pursuant to the aforementioned provisions, a related legal entity with Mr. Eftichios Vassilakis, Vice Chairman of the Board of Directors of the Company (Executive Member) and Member of the Board of Directors of Piraeus Bank (Non Executive Member) and Mr. Iakovos Georganas, Non Executive Member of the Board of Directors of the Company and Non Executive Member of the Board of Directors of Piraeus Bank.