INFORMATION DOCUMENT for the listing of new shares distributed to the shareholders in a ratio of 2 new free shares for every 10 held

INFORMATION DOCUMENT

in accordance with article 4 par.1.d and par.2.e of l.3401/2005,

for the listing of EFG Eurobank Ergasias S.A’s new shares

issued by share capital increase through capitalization of a part of the share premium account and distributed to the shareholders

in a ratio of 2 new free shares for every 10 held

EFG Eurobank Ergasias S.A (“Bank”), with regard to the distribution of new free shares to the shareholders of the Bank as approved by the General Shareholders’ Meeting dated 3 April 2006, in accordance with article 4 par. 1.d and par. 2.e of l.3401/2005 informs the public about the following:

The Bank, aiming to improve the share’s liquidity by reducing the cost of a round lot of stock, thereby making stock more attractive to retail investors, will distribute to the shareholders new free shares, issued by a share capital increase of  211,184,460.30 euros through capitalization of a part of the share premium account.

More specifically, 63,995,291 shares of 3.30 euros par value each will be issued with the right to participate in 2006 profits and will be distributed to the shareholders in a ratio of 2 free shares for every 10 held.

The Board of Directors has been authorized to regulate, in agreement with the responsible authorities, all the necessary details regarding the issuance of the new shares and their listing in the Athens Stock Exchange, as well as the details and the procedural issues regarding the settlement of the fractional rights as a result of the above increase. Namely, the Board of Directors is entitled to decide about the sale of fractional rights (in accordance with the resolution of the General Shareholders’ Meeting dated 3 April 2006, which authorized the Bank to do so) and furthermore the distribution of the proceeds.

As a result of the above mentioned share capital increase, article 5 of the Articles of Association of the Bank, where the share capital is presented, will be amended. Following the above increase, the Bank’s total paid-in share capital amounts to 1,267,106,748.60 euros divided to 383,971,742 registered shares, of nominal value 3.30 euros per share.

Responsible for this Information Document and the accuracy of its contents are Messrs:

1.              Dimitris Mitrotolis, Head of Accounting and Corporate Governance

2.              Martha Fotinopoulou, Head of Corporate Governance

The current Information Document is available at the Bank’s offices in Athens, 16 Laodokias Str., 115 28, Athens, and in the Bank’s website www.eurobank.gr.  For any further information, please contact Mrs Martha Fotinopoulou at the above mentioned Bank’s office, during working days and hours (tel.:210 7452346).