Merger approval & cessation of trading of DIAS S.A. shares

EFG Eurobank Ergasias S.A. (the “Bank”) announces the following:

On Monday, 30 May, 2011, decision No. K2 – 4850/30-5-2011 of the Secretary-General of the Ministry of Regional Development and Competitiveness was registered in the Registry of Societes Anonymes, which approved:

a) The merger of the Bank with DIAS Portfolio Investments S.A. (“DIAS”) by absorption of the latter by the former.

b) The increase of the Bank’s share capital due to the merger, through the issue of 14,353,472 new ordinary shares and the simultaneous modification of the ordinary shares’ nominal value from €2.75 to €2.81, with a corresponding amendment of the articles 5 and 6 of the Bank’s Articles of Association.

Following the above:

a) As of Tuesday, 31 May, 2011, DIAS’s shares will cease trading in the Athens Stock Exchange.

b) The beneficiaries of the new shares, issued as a result of the merger at the prescribed share exchange ratio, are the shareholders registered in the Electronic (Dematerialized) Securities System (“DSS”) on 2 May 2011 (“Record Date”). More specifically:

  • Each DIAS’s shareholder will exchange 5.3 ordinary shares of DIAS for 1 new ordinary share of the Bank, at a nominal value of €2.81.
  • The Bank’s ordinary shareholders will retain the number of shares they already own, at an adjusted nominal value per share from €2.75 to €2.81.

As of Tuesday, 31 May, 2011, the opening price of the Bank’s ordinary shares on ATH.EX. will be determined according to ATH.EX. Regulation and Decision 26 of the Board of Directors of ATH.EX., as in force.

The date when the accounts of DIAS’s shareholders will be credited with the new ordinary shares of the Bank, issued as a result of the merger, and the date when the new ordinary shares of the Bank will commence trading in the Athens Stock Exchange, will be notified by the Bank with a new announcement. Similarly, the date and other details concerning the distribution to the beneficiary shareholders of the proceeds from the sale of any fractional rights, will also be announced.

For further information, Shareholders may contact the Bank’s Investors Information Services Division at 8, Iolkou Str. and Filikis Etaireias (Building A), 142 34 Nea Ionia (tel. +30 210-3523300), during working days and hours.

Athens 30 May 2011

EFG Eurobank Ergasias S.A.