Announcement regarding the Stock Option Plan

As stated in note 32 of the consolidated financial statements of EFG Eurobank Ergasias S.A for the year ended 31 December 2006, on 18 April 2005 the shareholders General Meeting approved the issue of 1.525.000 options on the Bank’s shares to the Group’s executive directors and staff, at the exercise price shown of €18.00 per share. Following adjustments for corporate actions, options can be exercised for the acquisition of 2.261.121 shares in total at a price of €12.14 per share. The options may be exercised in December of 2007, 2008, 2009 and 2010.

Athens, 30 November 2007EFG Eurobank Ergasias S.A.