Availability of the Greek Offer Memorandum

The Bank EFG Eurobank Ergasias S.A. (the “Bank”) announces that in accordance with Regulation 809/2004 of the European Commission and l. 3401/2005 the Greek Offer Memorandum concerning the increase of the share capital of the Bank in cash, in favour of existing shareholders, will be available to the public on 24.8.2007, as approved by the Hellenic Capital Market Commission on 23.8.2007, and as resolved by the Repeat Extraordinary General Shareholders Meeting on August 2, 2007.
Specifically, the above mentioned Shareholders Meeting resolved the increase of the share capital of the Bank by € 168,972,364 in cash through the issue of 61,444,496 new shares, of nominal value €2.75 each offered at € 20 (“Subscription Price”), in favour of existing shareholders, in a ratio of 2 new shares for every 15 held (“Pre-emption Rights”). At the same time, if there are new shares unsubscribed after the exercise of Pre-emption Rights, rights to unsubscribed shares have been granted as follows: i) to each of the Group’s Directors, executive management and staff in Greece and abroad (“Employees”), as at the time of the offer of the New Shares, entitlement (“Rights of the Employees”) to subscribe at the Subscription Price for 200 Unsubscribed Shares up to total for all the Employees of 1.500.000 Unsubscribed Shares, and ii) to those shareholders who exercise Pre-emption Rights, entitlement to subscribe at the Subscription Price for one Unsubscribed Share for every two New Shares for which they have exercised Pre-emption Rights (“Oversubscription Rights”). All the above are described in detail in the Greek Offer Memorandum, as approved by the Hellenic Capital Market Commission on 23.8.2007. The funds raised are expected to amount to € 1,228,889,920 (61,444,496 x € 20).
Information about the exercise procedure of Pre-emption Rights, Rights of the Employees and Oversubscription Rights can be found in section 4.4 «Procedure for the Exercise of Pre-emption Rights, Rights of the Employees and Oversubscription Rights» in the Offering Memorandum, as approved by the Hellenic Capital Market Commission.
The expected timetable for the share capital increase is as follows:
23/8/2007 - Greek Offer Memorandum approval by the Hellenic Capital Market Commission
23/8/2007 - Approval of listing of Pre-emption Rights by the Board of Directors of Athens Exchange 24/8/2007 - Greek Offer Memorandum publication 24/8/2007 - Publication of the announcement for the availability of the Greek Offer Memorandum to the public
24/8/2007 - Publication of the announcement for the ex-rights date and the trading period for Pre-emption Rights
27/8/2007 - Ex-rights date for the Pre-emption Rights31/8/2007 - Credit by the Hellenic Exchanges S.A. of the Pre-emption Rights to the accounts of the beneficiaries in the Electronic (Dematerialised) Securities System (“DSS”).31/8/2007 - Commencement of the exercise and trading period of the Pre-emption Rights10/9/2007 - End of trading period for the Pre-emption Rights11/9/2007 - End of exercise period for the Rights of the Employees14/9/2007 - End of exercise period for the Pre-emption Rights17/9/2007 - Publication of the announcement for the percentage of subscription to the share capital increase from the exercise of the Pre-emption Rights and the potential issue of unsubscribed shares.20/9/2007 - Approval of trading of the new shares by the Board of Directors of Athens Exchange
24/9/2007 - Listing of the new shares
Note that the above mentioned timetable depends on variable circumstances and may change. Regarding the procedure for the share capital increase and the implementation timetable there will be further relevant announcements to the public following due legal process. The shares issued due to the share capital increase will form the subject of an application for listing in the “Big Capitalization” category of the Athens Exchange. For the completion of the listing and trading of the new shares on Athens Exchange, the prior approval by the Ministry of Development and the Board of Directors of Athens Exchange is required.
The Greek Offer Memorandum, as approved by the Capital Markets Commission, will be published in electronic form on the websites of the Bank (www.eurobank.gr), the Capital Market Commission (www.cmc.gov.gr) and the Athens Exchange (www.ase.gr). The above mentioned Greek Offer Memorandum, is granted without charge, on request, from 28.8.07 in printed form at the Bank’s branches.
For further information, 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, August 23, 2007
EFG Eurobank Ergasias S.A.