23/06/05 DECISIONS OF THE GENERAL ORDINARY MEETING

The EGNATIA BANK S.A. Annual General Ordinary Meeting of shareholders - mutual shares holders was held on 23/06/'05 with a quorum of 51.65% on the total contributed mutual shares of the capital share and decided and approved the following issues:

1. The Board of Directors' and Statutory Auditors' reports for the Annual Financial Statements and the Consolidated Financial Statements, in relation to the company's financial year 2004 (1.1.2004-31.12.2004), with a majority of 99,99% of the present members.
2. The amended Annual Financial Statements and the amended Consolidated Financial Statements for the company's financial year 2004 (1.1.2004-31.12.2004) and the distribution of dividend 0.08 € per share and preferred share with a majority of 99,99% of the present members, its distribution will start on 21 July 2005.
3. Discharge of the Board of Directors members and Statutory Auditors from any responsibility to compensation on the Annual Financial Statements, Consolidated Financial Statements and management of the company's financial year 2004 (1.1.2004-31.12.2004), with a majority of 88,52% of the present members
4. Election of Statutory Auditors company «KPMG Kiriakou Statutory Auditors S.A.» for the Bank's Annual Financial Statements and its companies' Group Consolidated Financial Statements, for the financial year 2005 against the annual payment of the amount 100.500 euros plus VAT, and with a majority of 99,99% of the present members
5. Amendment of the article 6 in the Bank's Memorandum in consequence to the revaluation that the Board of Director has gone into, so as to increase the capital share from the conversion of bonds of the Bank's Convertible Bond Loans (issued pursuant to the decisions by the 1st Repeated and postponed General Ordinary Meeting of shareholders - mutual holders on 28/06/2001 and by the 1st Repeated of the special General Meeting of shareholders - preferred shares holders on 28/06/2001, and by the decisions of the Board of Directors on 3.10.2002 and 19.11.2002) in mutual and preferred shares , with a majority of 99,99% of the present members
6. Licensing, in accordance to article 23 paragraph 1 of the C.L.2190/1920, the members of the Board of Directors and the Directors to participate in Executive Meetings or in the Administration of associated companies that endeavour similar or near goals, with a majority of 99,99% of the present members
7. Payment of the Managing Director, with a majority of 99,99% of the present members.