EFG Eurobank Ergasias S.A. announces the following:
A. The Annual General Meeting of the Shareholders of the Bank on April 8th, 2008, approved the share buy-back program for the acquisition of Treasury (own) shares through the Athens Exchange, in accordance with article 16 of c.l. 2190/1920, as in force, under the following conditions:
a. The Bank may acquire own shares up to twenty four months from the date of the General Meeting in order to optimise on a medium and long term basis the Group’s equity, profits per share, dividends per share and capital adequacy ratios, as well as for use in a possible acquisition.
b. The maximum number of own shares to be acquired will not exceed 5% of the total number of the Bank’s shares in issue at any time (hence the maximum number of own shares will not, under current conditions, exceed 26,247,282 shares).
c. The maximum consideration payable for the program amounts to €892m.
d. The acquisition of the above own shares will take place at a maximum price of €34.00 and a minimum price equal to the nominal value at any time (currently €2.75).
e. The Board of Directors was authorized to determine all specific terms and details for the implementation of the program.
B. The Board of Directors, in application of the resolution of the above General Meeting, decided on April 8th, 2008 that the Bank will purchase treasury shares during the period April 11th, 2008 to April 8th, 2010.
Athens, April 8th, 2008
EFG Eurobank Ergasias S.A.
EFG Eurobank Ergasias S.A.