Aegean Appoints New Director

Friday, November 21, 2008

Marine Petroleum Network Inc. (NYSE:ANW) announced that it has named George J. Konomos to its Board of Directors.

With the appointment of Mr. Konomos, who will serve as Chairman of the Company's Audit Committee, Aegean will have a total of seven Directors, of which the majority remain independent.

Mr. Konomos, 69, has approximately 35 years of financial experience. Currently, he is a Senior Advisor with Latigo Partners L.P., an alternative asset manager and serves on the Board of Directors for General Maritime Corporation.

From 2000 to 2005, Mr. Konomos was the Co-Portfolio Manager at Mellon-HBV Rediscovered Opportunities Fund. Mr. Konomos' experience prior to joining Mellon-HBV includes 11 years as an Investment Manager at Baker Nye Investments, service as a senior advisor to the World Bank on privatizations and financial restructurings of state-owned companies and a 14-year career in investment banking at Lehman Brothers and Samuel Montague & Co.

Peter C. Georgiopoulos, Chairman, commented, "We are delighted George Konomos has joined Aegean's Board of Directors. His extensive financial and capital markets experience further strengthens and complements our Board. We look forward to working with George as Aegean seeks to further expand its position as a leading global independent physical supplier of marine fuel and drive long-term shareholder value."

Mr. Konomos has a B.S. in economics from the University of Arizona, an M.A. in economics from American University, and a J.D. from George Washington University Law School.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. As a physical supplier, the Company purchases marine fuel from refineries, major oil producers, and other sources.


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