Eurobank EFG - Completion of Share Capital Increase | Eurobank
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Eurobank EFG - Completion of Share Capital Increase

Eurobank EFG successfully completed its share capital increase in cash, in favor of existing shareholders, at a ratio of 2 new shares for every 15 shares at €20 per share. The overall proceeds from the share capital increase amount to approximately €1,229 million.
In the context of the capital increase, a total of 61,444,496 new shares of nominal value €2.75 each will be issued, for which approximately 97.47% of shareholders subscribed. Out of the 1,554,008 unsubscribed new shares, 754,178 shares were allocated to employees who applied for up to 200 remaining new shares each, at €20 per share.
The remaining unsubscribed new shares were allocated on a pro-rata basis to shareholders who exercised their over-subscription right. More specifically, shareholders over-subscribed for 16,410,085 remaining new shares amounting to €328.2 million and will receive 4.87% of the shares they subscribed for, on a pro-rata basis.
As a result, the total demand from employees and shareholders exceeded the unsubscribed new shares by approximately 11 times.
The success of the capital increase proves the strong confidence of institutional and individual shareholders in the development and prospects of Eurobank EFG.
Following its capital enhancement, the Eurobank EFG group will accelerate its organic growth and will continue to expand its presence in countries where it is already active as well as into new countries that demonstrate significant development prospects.
Eurobank EFG has presence in seven countries outside Greece (Bulgaria, Romania, Serbia, Poland, Ukraine, Turkey, Cyprus) having invested €1.5 billion. The group network stands at 1,400 branches and points of sales with 21,000 employees. It is noted that, following the announced financial targets, group net profits are expected to exceed €820 million in 2007 with New Europe operations expected to contribute more than €60 million. Furthermore, group net profits are expected to exceed €1,550 million in 2010 out of which €550 million are expected to derive from New Europe operations.

These materials are not an offer of securities for sale in the United States, Australia, Canada or Japan. The securities to which these materials relate have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.