EFG Eurobank Ergasias S.A.’s Board of Directors informs the Shareholders of the following:

The Bank’s Annual General Meeting of April 3rd, 2007, among other issues, resolved to proceed with the reduction of the nominal value of the Bank’s share from €3.30 to €2.75, with simultaneous increase of total number of shares by 20%. Specifically, 76,805,620 new common registered shares, of €2,75 par value each, will be issued and distributed to the shareholders in a ratio of 2 new shares for every 10 held.

Following the above, the Bank’s share capital will remain at €1,267,292,730, divided into 460,833,720 shares, of a nominal value €2.75 each.

The decision with reference K2-6066/2007 of the Minister of Development regarding the approval for the amendment of the relevant article of the Articles of Association has been recorded in the Register of Societes Anonymes of the Ministry of Development on 27 April 2007, and the listing of the new shares has been approved by the Board of Directors of the Athens Stock Exchange at its meeting on 10 May 2007.

Following the above, the Bank’s Board of Directors has decided that:

a) Beneficiaries of the new shares are those shareholders registered after the close of business of the Athens Exchange on Tuesday, 15 May 2007.

b) As of the next working day, Wednesday, 16 May 2007, the Bank’s shares will be traded on the Athens Exchange with the new nominal value of €2,75 and without the right to the new shares.

c) As of the above date, Wednesday, 16 May 2007, the opening price of the Bank’s shares on the Athens Exchange will be determined according to the Regulation of the Athens Exchange.

d) On Wednesday, 23 May 2007, the 76,805,620 new common registered shares will commence trading on the Athens Exchange. As of the same date the shares will be credited to the beneficiaries’ accounts in the Electronic [Dematerialized] Securities System.

For further information, the shareholders are kindly requested to contact the Bank’s Shareholders’ Department: 8, Iolkou Str. and Filikis Etaireias (Building A), 142 34 Nea Ionia, tel. +30 210 35 23 300.

Athens, 11 May 2007
 EFG Eurobank Ergasias S.A.