INVITATION TO THE ORDINARY ANNUAL GENERAL MEETING OF THE SHAREHOLDERS

Pursuant to the Law and the Company’s Articles of Association and following the decision no 1105 taken by the Board of Directors at the meeting of 13.4.2007, the Shareholders of the société anonyme under the name “HELLENIC PETROLEUM SOCIETE ANONYME” are herewith invited to attend the Ordinary Annual General Meeting, that will be held in Aspropyrgos on Thursday, the 17th of May, 2007 at the main premises of the Company (17th km Athens–Corinth National Road) at 12:00 hours, following the permission of the Companies and Credit Directorate of the Ministry of Development’s Secretariat General for Trade & Commerce No. K2-4881/30.3.2007, to consider and decide on the following items of the Agenda :

 

1. Annual Report of the 31th fiscal year (1.1.2006 -31.12.2006) and submission of the Report of the Board of Directors, as well as of the Certified Auditors reports on the financial statements of the year 2006, including the Group’s consolidated financial statements, in accordance with the International Accounting Standards.
2. Approval of the Company’s financial statements and the consolidated financial statements of the Group of the year 2006, with the relevant reports, in accordance with the International Accounting Standards.
3. Approval of the Appropriation Account.
4. Release of the members of the Board of Directors and of the Auditors from any responsibility for claims for the fiscal year 2006, in accordance with article 35 of Law2190/1920.
5. Approval of the compensation and of the remuneration in general paid to the members of the Board of Directors for the year 2006, and determination of their compensation and remuneration respectively for the year 2007.
6. Approval of the remuneration paid to the Chairman of the Board of Directors and to the Managing Director in 2006 and determination of their remuneration for the year 2007.
7. Election of Certified Auditors for the fiscal year 2007 in accordance with the provisions of the Articles of Association of the Company and determination of their remuneration.
8. Amendment of Article 5 of the Articles of Association of the Company, due to the effected increase of the Capital Stock (stock option of the Programme formerly in force).
9. Approval of the BoD’s decision, concerning the granting of stock options for the fiscal year 2007, according to article 2 of the Programme in force.
10. Upgrading of the Elefsina Refinery - Investments, time schedule, expected results.
11. Amendment of the distribution of capital, raised from the former PETROLA HELLAS A.E.B.E., which remained indisposed on 31.12.2006.
12. Approval to block and not distribute, before the lapse of 5 years, of the taxed extraordinary reserves worth € 7,649,915, according to  the provisions of Development Law 3299/2004, concerning company project subsidies.

 

The Shareholders who have proceeded with the dematerialization of their shares as per the Law are entitled to participate in the General Meeting.

The Shareholders who are entitled, according to the above, and wish to participate in the Annual General Meeting, are required:

a. In case that their shares are not deposited at the Special Account of the Central Securities Depository of Athens, to engage with their declaration, the total or part of their shares - through their Operator - and to receive the relevant certificate of engagement of the shares, that has to be submitted, together with any proxies, at the Shareholders' Registry of the Company (Kifissias Ave. 199, Maroussi) at least 5 (five) days prior to the day of the convocation of the Annual General Meeting, that is by 11.5.2007.
b. In case that their shares are deposited at the Special Account of the Central Securities Depository of Athens, to engage with their declaration the total or part of their shares and to collect from the Central Securities Depository of Athens the relevant certificate of engagement of the shares, which they have to deposit, together with any proxies, at the Shareholders' Registry of the Company (Kifissias Ave. 199, Maroussi), at least five (5) days prior to the convocation of the Annual General Meeting, that is by 11.5.2007.

The Offices of the Shareholders Registry (tel. 210- 8767.860, 8767.862, 8767.863, 8767. 864, 8767. 865) will be opened daily from 9:00 to 14:00 hours

 

Athens, April 16, 2007
By order of the Board of Directors

                                   

E.N. CHRISTODOULOU
CHAIRMAN OF THE BoD