Sale of own (treasury) shares through the Athens Stock Exchange

On 29.11.2005 the Board of Directors of EFG Eurobank Ergasias S.A. decided the sale of part of its own (treasury) shares, which were acquired following the decisions of the General Shareholder Meetings of 5.4.2004 and 5.4.2005 in accordance to article 16 of Law 2190/1920. Specifically, the Bank will sell up to 2,000,000 ordinary treasury shares at a minimum price of €27.09 per share in the period from 30.11.2005 to 28.2.2006.

The sale will be performed through a private placement to institutional investors. EFG Consolidated Holdings S.A., the Bank’s parent company, also intends to participate in the private placement. An international investment bank will act as placement agent.

Athens, 29 November 2005

EFG Eurobank Ergasias S.A.