EFG Eurobank Ergasias announces to its shareholders the following:
Α) OnTuesday, 27 December 2005, the 5,264,571 new ordinary registered shares of EFG Eurobank Ergasias Α.Ε., issued from the share capital increase due to the merger by absorption of Greek Progress Fund S.A. , will commence trading intheAthensStockExchange.The listing of the above new shares intheAthensStockExchange has been approved by the Board of Directors of theAthensStockExchange, on 20 December 2005.
As of the same date, 27 December 2005, the above mentioned new shares will be credited in the accounts of the absorbed company Greek Progress Fund S.A.’s shareholders, registered at the Central Securities Depository, in the Dematerialised Securities System,after the closure of the 25 November 2005 trading day of the AthensStockExchange, based on the following approved exchange ratio: 7.9 shares of the absorbed Greek Progress Fund S.A are exchanged with 1 new share of EFG Eurobank Ergasias S.A, of a nominal value of 3.26 euros per share.
Fractional balances arising from the above exchange will be cleared andtheclearanceproductwillbedistributedtothe beneficial shareholders. Shareholders ofGreekProgressFundS.A.registered at the Central Securities Depository as after the closure of the Athens Stock Exchange session on 25 November 2005, are entitled to the clearance product.
The clearance product will be paid to the above mentioned beneficial shareholders on 2 January 2006, as follows: the amount related to the shareholders, who have appointed EFG Eurobank Ergasias S.A. as operator of their securities account in the Dematerialised Securities System, will be deposited in their accounts. The remaining shareholders may collect it from any of the branches of the EFG Eurobank Ergasias S.A. upon presentation of their Identity Card.
Β) As of Tuesday, 27 December 2005, EFG Eurobank Ergasias S.A.’s shares (including the above shares issued due to the merger with Greek Progress Fund S.A.) will be traded with the new nominal value of 3.30 euros per share, according to the resolution of the Bank’s A’ Repeated Extraordinary General Meeting held on 31 October 2005 for the increase of the share capital via capitalization of the fixed assets revaluation reserve, in accordance with law 2065/1992 TheAthens Stock Exchange BoardofDirectorswas informed for the above increase of the Bank’s shares nominal value at its Meeting on 20 December 2005.
C) Following the above mentioned modifications (duetothemergerand reserve capitalization) oftheBank’ssharecapitalandits share’s nominalvalue, which were completed on 25 November 2005, by registration in the Societes Anonymes Registry of the Ministry of Development of the decision number Κ2-15002/25-11-2005 of the Minister of Development, the Bank’s share capital amounts to 1,053,604,556.4 euros and is divided in 319,274,108 shares, of a nominal share value of 3.30 euros each.
As a result of the above, as of 27 December 2005, 319,274,108 ordinary registered shares of EFG Eurobank Ergasias S.A, of a nominal share value of 3.30 euros each, will be traded in the Large Capitalization Market of the Athens Stock Exchange.
On 14 December 2005, the Capital Market Commission’s Board of Directors was informed for theDocumentofarticle 4 ofl. 3401/2005, for the Bank’s merger with Greek Progress Fund S.A. The Document isavailableto the investors from 20 December 2005, at the Bank’s website (www.eurobank.gr) and the Athens Stock Exchange’s website (www.ase.gr).
For further information, Shareholders are kindly requested to contact the Bank’s Shareholders’ Department( 5, Santaroza Str., 105 64
EFG Eurobank Ergasias S.A