Announcement - Acquisition Of Own Shares 17.5.2006

In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, EFG Eurobank Ergasias S.A. (“the Bank”) announces that according to Company Law 2190/1920, article 16, par. 5, and following the decision of the Annual General Meeting of the Shareholders of the Bank dated April 3, 2006 and the Board of Directors’ resolution dated April 14, 2006, purchased own shares through the Athens Exchange Member EFG Eurobank Securities, as follows:

a)       On 9 May 2006 the Bank purchased 316 shares, with average cost price € 32.30 per share and total purchase price € 10,223.13

b)       On 10 May 2006 the Bank purchased 99,949 shares, with average cost price € 31.43 per share and total purchase price € 3,146,473.40

c)       On 11 May 2006 the Bank purchased 80,000 shares, with average cost price € 30.03 per share and total purchase price € 2,406,422.75

d)       On 12 May 2006 the Bank purchased 10,000 shares, with average cost price € 29.74 per share and total purchase price € 297,875.84

e)       On 15 May 2006 the Bank purchased 50,000 shares, with average cost price € 29.01 per share and total purchase price € 1,452,980.94

f)         On 16 May 2006 the Bank purchased 50,000 shares, with average cost price € 28.75 per share and total purchase price € 1,439,818.33.