Establishment of a new subsidiary company

HELLENIC PETROLEUM S.A. announces that the Board of Directors, according to its resolution on September 14, 2006 approved the establishment of a subsidiary company under the name «ΗΕLLENIC PETROLEUM RENEWABLE ENERGY SOURCES SA ” and registered address the Municipality of Maroussi.
The company’s objectives will be the production and trading of renewable energy sources, as well as the participation in other companies which are involved in production, import and trading of renewable energy sources.
A 3-member Board of Directors will govern the above mentioned company:
Panos Cavoulacos, Chairman
Apostolos Rizakos, Managing Director
Spyridon Kiartzis, Member