Hellenic Petroleum Holdings S.A.

Interim / Quarterly Report • Sep 24, 2015

H E L L E N I C P E T R O L E U M S.A.

A.R.M.A.E 2443/06/B/23

54 AMALIAS AVE - 10558 ATHENS

Website : http://www.hellenic-petroleum.gr

AUGUST 7 2008

In accordance with decision of the Board of Directors of the Capital Market Commission 6/448/11.10.2007 FINANCIAL DATA AND INFORMATION FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE 2008

The Certified Auditor:	Michalatos J. Konstantinos, ΑΜ ΣΟΕΛ 17701
Auditing Company:	PricewaterhouseCoopers S.A
Type of Auditor's Rewiew Opinion:	Unqualified
1.1 BALANCE SHEET	GROUP			COMPANY	1.3 CHANGES IN EQUITY	GROUP		COMPANY
(Amounts in thousands €)		30/6/2008 31/12/2007			30/6/2008 31/12/2007 (Amounts in thousands €)	30/6/2008	30/6/2007	30/6/2008	30/6/2007
ASSETS Tangible assets	1.454.834	1.416.340	703.173	676.436	Total equity at beginning of the period	2.580.473	2.397.610	2.131.595	2.029.907 0
Intangible assets	127.564	129.920	22.117	26.427	Profit for the period net of taxes	241.063	185.961	163.979	157.961
Other non current assets	593.683	489.737	784.276	717.943	Dividends relating to 2007	(106.972)	(85.578)	(106.972)	(85.578)
Inventories	1.735.815	1.531.161	1.558.187	1.409.638	Other movements directly affecting equity
Trade and other receivables	1.498.435	1.279.244	1.194.729	994.107	Unrealised gains / losses on revaluation of hedges	(165.527)	(36.106)	(165.527)	(36.106)
Other current assets	260.583	208.450	78.208	26.815	Transfer of shares in subsidiary	9.696	0	0	0
Available for sale non current assets TOTAL ASSETS	3.061 5.673.975	4.012 5.058.864	251 4.340.941	249	Translation exchange differences 3.851.615 Total equity at the end of the period	516 2.559.249	1.081 2.462.968	0 2.023.075	0 2.066.184
EQUITY AND LIABILITIES Share capital	666.285	666.285	666.285	666.285	1.4 CASHFLOW STATEMENT	GROUP		COMPANY
Share premium	353.796	353.796	353796	353.796	(Amounts in thousands €)	1/01/2008-	1/01/2007-	1/01/2008-	1/01/2007-
Retained earnings and other reserves	1.381.334	1.433.814	1.002.994	1.111.514		30/6/2008	30/6/2007	30/6/2008	30/6/2007
Capital and reserves attributable to Company Shareholders (a)	2.401.415	2.453.895	2.023.075		2.131.595 Cash flows from operating activities
Minority interest (b)	157.834	126.578	0	0	Profit before tax	322.976	242.258	228.765	208.733
TOTAL EQUITY AND LIABILITIES (c) = (a) + (b)	2.559.249	2.580.473	2.023.075	2.131.595
			238.221		Adjustments for: 258.413 Depreciation and amortisation of tangible and intangible assets	67.876	65.781	39.290	37.641
Long term borrowings Provisions and other long term liabilities	414.750 573.074	402.585 315.871	494.609		232.887 Amortisation of government grants	(2.120)	(2.105)	(1.397)	(1.723)
Short term borrowings	1.260.880	786.510	821.649		377.291 Loss on sales of fixed assets	59	0	0	0
Other short term liabilities	866.022	973.425	763.387		851.429 Provisions	56.739	14.035	50.098	10.844
Total liabilities (d)	3.114.726	2.478.391	2.317.866		1.720.020 Foreign exchange (gains) / losses	(19.803)	(2.189)	(18.275)	(2.772)
					Income from participations and investments	(30.682)	(12.391)	(13.461)	(8.662)
TOTAL EQUITY AND LIABILITIES (c) + (d)	5.673.975	5.058.864	4.340.941		3.851.615 Interest expense Interest income	30.503 (10.741)	29.041 (9.725)	13.370 (5.347)	16.772 (5.486)
						414.807	324.705	293.043	255.347
1.2 PROFIT & LOSS FOR THE PERIOD		GROUP
(Amounts in thousands €)	1/1/2008-	1/1/2008-	1/4/2008-	1/4/2007-
	30/6/2008	30/6/2008	30/6/2008	30/6/2007	Changes in working capital
					(Increase) / decrease in inventories	(204.652)	(122.538)	(148.549)	(106.617)
					(Increase) / decrease in trade and other receivables	(363.155)	(36.671)	(274.646)	(13.344)
Turnover Gross profit	5.207.482 519.842	3.796.960 425.292	2.662.042 335.005	271.367 Less:	1.912.230 Increase / (decrease) in payables	(41.125)	54.051	(67.456)	61.516
Earnings Before Interest & Tax	293.660	247.545	186.522		173.526 Interest paid	(30.503)	(29.041)	(13.370)	(16.772)
Profit before Tax	322.976	242.258	183.685		172.167 Income tax paid	(44.330)	(3.596)	(41.402)	0
Less : taxes	(81.913)	(56.297)	(49.749)		(41.901) Net cash (used in) / generated from operating activities (a)	(268.958)	186.910	(252.380)	180.130
Profit for the period	241.063	185.961	133.936	130.266
Attributable to:
Equity holders of the Company	226.936	181.098	130.417	126.590	Cash flows from investing activities
Minority Interest	14.127	4.863	3.519	3.676	Aqcuisitions of subsidiaries, related companies & associates	(640)	-	(642)	(179)
	241.063	185.961	133.936	130.266	Purchase of tangible & intangible assets Grants received	(104.853) 1.172	(91.937) -	(61.717) 108	(59.210) -
Basic and diluted earnings per share (in Euro per share)	0,74	0,59	0,43	0,41	Cash from sale of plant and equipment & tangible assets	1.112	-	-	-
					Interest received	10.741	9.725	5.347	5.486
Earnings Before Interest, Taxes, Depreciation and					Dividends received	612	493	11.730	5.794
Amortisation (EBITDA)	359.416	306.716	219.428	205.013	Available for finacial assets	951	(436)	-	-
					Net cash used in investing activities (b)	(90.905)	(82.155)	(45.174)	(48.109)
1.2 PROFIT & LOSS FOR THE PERIOD		COMPANY
(Amounts in thousands €)	1/1/2008-	1/1/2008-	1/4/2008-	1/4/2007-	Cash flows from financing activities
	30/6/2008	30/6/2008	30/6/2008	30/6/2007
					Proceeds from borrowings	1.017.013	613.581	992.563	353.086
					Loans repayments	(498.163)	(591.427)	(536.762)	(404.961)
Turnover	4.880.897 362.935	3.527.597 309.140	2.481.759 258.232		1.769.429 Dividends paid	(106.854)	(84.990)	(106.854)	(84.987)
Gross profit Earnings Before Interest & Tax	205.912	209.303	160.260	154.475	209.897 Net cash generated from / (used in ) financing activities (c )	411.996	(62.836)	348.947	(136.862)
Profit before Tax	228.765	208.733	164.723		162.519 Net increase / (decrease) in cash & cash equivalents
Less : taxes	(64.786)	(50.772)	(41.017)	(38.756)	(a)+(b)+(c)	52.133	41.919	51.393	(4.841)
Profit for the period	163.979	157.961	123.706	123.763
Basic and diluted earnings per share (in Euro per share)	0,54	0,52	0,40	0,40
Earnings Before Interest, Taxes, Depreciation and					Cash & cash equivalents at the beginning of the period	208.450	170.490	26.815	37.878
Amortisation (EBITDA)	243.805	245.221	179.205		172.420 Cash & cash equivalents at end of the period	260.583	212.409	78.208	33.037

ADDITIONAL INFORMATION

c) for SLI	156.396	126.717
d) for other provisions relating to expenses	19.287	15.435

	GROUP	COMPANY
Sales of good and services	477.532	1.988.093
Purchases of good and services	76.558	39.094
Receivables	231.146	490.924
Payables	721	12.920
Board members and management personel remuneration & other	2.732	2.199
Amounts due to/from Board members and management personel	0	0

Athens, August 7 2008

Approval date of the quarterly financial statements by Board of

Directors

1. Νοte 26 of the Group Financial Statements contains the names of all subsidiary companies and their related information 2. Other movements directly attributed to equity contain an amount of €9.7 m. from transfer of 20% of Vardax S.A. shares to FYROM (Notes 5 & 27(b) of the Group Financial Statements) 3. No shares are owned either by the statutory company or any subsidiary of the group at the end of the current reporting period 4. The Parent company HELLENIC PETROLEUM has not been subject to a tax audit for the fiscal years 2002 up to 2007 and for the most material subsidiary companies from 2005 up to 2007 (Note 24(b) of the Group Financial Statements) . 5. The accounting policies used in the preparation of the condensed interim consolidated financial statements for the three month period ended 30 June 2008 are consistent with those applied for the preparation of the consolidated published accounts for the year ended 31 December 2007. Group applies THE IFRS STABLE PLATFORM 2005 from 1 January 2005. 6. The Company is involved in a number of legal proceedings and has various unresolved claims pending arising in the ordinary course of business. Based on currently available information, management believes the outcome will not have a significant effect on the company's operating results or financial position. 7.At its meeting held on 7 August, 2008 during which the Board of Directors approved the Condensed Interim Consolidated Financial Statements of the Group for the six month period ended 30 June 2008, the Board proposed and approved an interim dividend for the 2008 financial year of €0,15 per share. 8. Where necessary, comparative figures have been reclassified to conform with changes in the presentation in the current year. 9. The amount of provisions contained in the Balance Sheet are as follows:

The financial data and information contained below is only for general information purposes regarding the financial position and results of HELLENIC PETROLEUM SA.,therefore, we recommend the users, before making any investment decision,or proceeding to any transaction with the company, to obtain the necessary information, where the financial statements are available in accordance with International Financial Reporting Standards, together with the auditors' report, when require

1. The number of employees at 30/6/2008 in Greece: Company: 2.448, Group :3.430 (30/6/2007: Company:2.490, Group:3.478). 11. The related party transactions of the Group and the parent company with related companies (in thousands of €)are as follows:

CHAIRMAN OF BOARD CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER GROUP FINANCIAL MANAGER

EFTHIMIOS N. CHRISTODOULOU JOHN COSTOPOULOS ANDREAS N. SHIAMISHIS PANTELIS A. TIKKAS ID Number ΑΒ. 049358 ID Number 702932584 ID Number ΑΑ. 010147 ID Number Ε. 056140