According to article 14(3) of Law 3556/2007, Hellenic Petroleum S.A. announces that:

Ι. Following a written notification received by the company Paneuropean Oil and Industrial Holdings S.A. on March 21st 2008, the percentage of said shareholder fell below the threshold of 1/3 on March 19th 2008, and more specifically it owns 33.27% of the Company΄s voting rights.

II. Following a written notification received on March 21st 2008 by the shareholder POΙΗ Holdings Limited, since March 19th 2008, the latter controls directly a percentage of 2.62 % of the Company΄s voting rights, and indirectly, through the subsidiary of Paneuropean Oil and Industrial Holdings S.A., a percentage of 33.27 % of the Company΄s voting rights. Therefore, the total percentage controlled by POΙΗ Holdings Limited both directly and indirectly remains the same as the one before the above transaction.