CORPORATE ANNOUNCEMENT | Eurobank
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CORPORATE ANNOUNCEMENT

The Boards of Directors of EFG Eurobank Ergasias S.A. and of Ergoinvest S.A. approved the draft agreement for merger by absorption of Ergoinvest by EFG Eurobank Ergasias at meetings held yesterday.

The Boards of Directors of EFG Eurobank Ergasias S.A. and of Ergoinvest S.A. approved the draft agreement for merger by absorption of Ergoinvest by EFG Eurobank Ergasias at meetings held yesterday. The merger will be effected through the unification of the assets and liabilities of the two entities on the basis of merger balance sheets of November 7th, 2002. The share exchange ratio proposed for approval by the General Meetings of Shareholders’ is 9 shares of Ergoinvest for each share of EFG Eurobank Ergasias.

The above is subject to the approval of the draft merger agreement by the General Meetings of the shareholders of the merging companies and to the issuance of relevant permits and approval by the relevant supervisory authorities.