Resolutions of the Bank's A' Repeated Annual General Meeting of the Shareholders (18/4/05) | Eurobank
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Resolutions of the Bank's A' Repeated Annual General Meeting of the Shareholders (18/4/05)

EFG Eurobank Ergasias announces the following:

EFG Eurobank Ergasias announces that the A’ Repeated Annual General Meeting of April 18th, 2005, with a 55.27% quorum of the paid up share capital (173,554,301 shares, including 459,689 shares with no voting right), resolved on the issue of stock options on 1,525,000 shares to the Group’s directors, executive management and staff, at a strike price € 18 per share, with the following terms:

From the above mentioned, beneficiaries will be those who provided their services as of 31.12.2004. Criterion for participation in this remuneration program will be the executive’s especially high contribution to the Group’s results, in combination with the position and the functional level of responsibility of each person. The Board of Directors’ Remuneration Committee will allocate the above mentioned shares, within the framework decided by the Board of Directors, which will have been specifically authorised by the AGM. The options may be exercised after 32 months (instead of 20 months of the previous programs), during the month of December of the years 2007, 2008, 2009 and 2010 (i.e. 3 instead of 2 years as it was in force for the previous programs), only if the holders are still employed by the Group.

The percentages of the majority on that issue were the following:

Voted for: 168,084,646 shares, equal to 97.11% of the represented shares with voting right

Voted against: 3,758,905shares, representing 2.17% of the represented shares with voting right.

Abstained from voting:1,251,061 shares, representing 0.73% of the represented shares with voting right.