Regarding the offer price of the new shares issued in respect of the reinvestment of the final dividend for the year 2007, with a corresponding share capital increase, EFG Eurobank Ergasias S.A. announces the following:

a) a reminder that the shareholders of the Bank resolved at the Repeat Annual General Meeting on April 21st, 2008, that the new shares described above will be issued at a 3% discount to the average closing share price of the first four working days that the shares trade ex-dividend, as already announced.

b) given the above mentioned method of calculation and the share price on 2.05.2007, 5.05.2008, 6.05.2008 and 7.05.2008, the Board of Directors at its meeting of 7.05.2008 determined the offer price of the new shares, which amounts to €19.42.

Athens, May 7th, 2008
EFG Eurobank Ergasias S.A.