22/6/2006 ORDINARY GENERAL ASSEMBLY DECISIONS

EGNATIA BANK communicates that the Ordinary General Assembly of Stakeholders – owners of common Bank stocks took place on 22nd June, 2006, on the participation of 131 stakeholders representing 68.382.957 shares that is 73,388 % of the Bank capital stock.

During the session all agenda issues were discussed and decisions were made as follows:

1. They approved The Annual Financial Statements, the Consolidated Financial Statements of the business year 2005, Board of Directors’ (BoD) and Chartered Auditor Accountants’ relative reports. Distribution dividend 0,05 euro per share was decided. Drawing beneficiaries of the distributed dividend shall be the stakeholders – owners of common and preferential stocks, respectively, at the closing of the exchange of the session of 26th June, 2006. The 27th June, 2006 is deemed as the Cutting off Date. The dividend will be paid on 5th July, 2006 by EGNATIA BANK. The Company will make a different communication as far as the Cutting off and dividend payment procedures are concerned pursuant to article 279 of the Stock Exchange Regulation.
2. Members of the Board of Directors and Chartered Auditors Accountants have been released from every return liability on the Annual Financial Statements, the Consolidated Financial Statements and the management of business year 2005.
3. They decided that KPMG Kyriakou Chartered Auditors Accountants Company will be liable to prepare the Bank’s Annual Financial Statements, the Group’s Consolidated Financial Statements for the business year 2006. Their fee has been decided as well.
4. They ratified the composition of the new Board of Directors of 11.4.2006 as follows: Andrea Vgenopoulos – executive member of the BoD, Eleftheria Chiliadaki – executive member of the BoD, Androniki Plakomichelaki – executive member of the BoD, Constantinos Los – non executive independent member, Ioannis Grammatidis – non executive independent member. These members replaced the former members of the Bank that resigned. The rest of their service and their actions have been also approved.
5. New Board of Directors has been elected and the following independent members have been defined as follows:
Vasilios Theoharakis
Alexandros Mpakatselos
Andreas Vgenopoulos
Eleftherios Chiliadakis
Panagiotis Throuvalas
Androniki Plakomichelaki
Panagiotis Theoharakis
Despoina Theoharakis
Michalis Louis
Constantinos Los, independent member
Ioannis Grammatidis, independent member
6. The Bank contracts with Mr. Eleftherios Chiliadakis as managing director and Mrs. Androniki Plakomichelaki as General Director of the Bank have been approved. Their fee has been decided as well pursuant to articles 23a and 24 c.l. 2190/1920.
7. Leaves have been given, pursuant to article 23, par. 1 of the Codified Law 2190/1920, to the members of the BoD and the Directors in order to participate in Administrative Councils or the Direction of associated companies pursuing the same or similar aims.
8. They decided the arrangement of the rest fractional preemptive rights of common and preferential stocks (10.087 common and 2.496 preferential stocks) resulted by the increase in the Bank capital stock of 28.06.2000, sale in accordance with L. 3371/2005 and all derived decisions of EC.
9. They decided an increase of 10.232.047,80 euros in the Bank capital stock and the amendment of article 6 of the Bank charter due to the bond conversion of the Bank’s convertible bonded loan, which was published in virtue of the decisions of 3.10.2002 and 19.11.2002 of the Board of Directors in stocks (common and preferential) from 1.1.2005 until 22.6.2006.
10. They also decided the decrease in the Bank’s capital stock, through respective decrease in the nominal value of each stock by erasing an amount of loss equal to the accounting losses provoked during the first application of International Accounting Standards (I.A.S), that is € 28.575.252,43, with parallel equal increase in the Capital Stock, in the nominal value per share via capitalization of reserves below par amount and reserves L. 2065/1992 and amendment of article 6 of the Bank Charter.
11. They also decided an increase of 93.861.130,50 € in the Bank capital stock with cash payment through the above par issue 18.640.298 new common and 2.217.731 new preferential nominal stocks. Its buying price is 4,5 € per share and the analogy is 1 new stock for 5 old stocks. They also decided the amendment of article 6 of the Bank’s Charter and provision of preemptive right for the old stockholders and bondholders, who have probably already converted their bonds into stocks. To exercise a preemptive right there is a limited period of four (4) months. The Board of Directors has been authorized to set the start up date of exercising the preemptive right. At the same time, Mr. V. Theoharakis and Marfin Financial Group repeated their intention to preserve (subject to the decrease due to stock distribution to the personnel) the minimum rate of their stocks not only for the period until the increase conclusion, but also for six (6) months after the negotiation start up of the new stocks
12. They decided to offer up to 2 million stocks to the Group personnel in case of them staying unloaded due to non exercise of the preemptive right by the beneficiaries. If the amount of unloaded stocks is less than 2 millions, the master stockholders will reassure the total necessary stock amount by not exercising their preemptive rights.
13. They decided to issue a convertible bonded loan of 400 million (converting price 7,60 euros and a common bonded loan 600 million euros in order to reinforce the Group’s liquidity and capital adequacy. General Assembly authorized the Board of Directors to define the time and the specific issue terms of the convertible and the common bonded loan.
14. They decided to authorize the Bank Board of Directors to modify the terms of the Bank convertible bonded loan issued in virtue of the decisions of 3.10.2002 and 19.11.2002 of the Board of Directors, so that the new terms will not block the Bank merger procedure process.

At the same time, EGNATIA BANK communicates that the 22nd June, 2006 took place a Special General Assembly of stockholders – preferential stock owners with the participation of stockholders representing 6.580.604 stocks that is 59,348 % of the Bank capital stock. Due to non quorum, the Special General Assembly will be repeated. The Assembly’s president proposed to the BoD that the First Repeated Special General Assembly of stockholders – preferential stock owners should take place on Tuesday, 11 July 2006 at 13:00 at MACEDONIA PALACE HOTEL.

11/7/2006 SPECIAL GENERAL ASSEMBLY

EGNATIA BANK communicates that on 11.7.2006 took place the First Repeated Special General Assembly of stockholders – preferential Bank stock owners, with the participation of stockholders representing 6,376,935 stocks (in particular 39 stockholders attended the session in person or through their representatives), that is 57,51% of the capital stock of the Bank preferential stocks.

During the session all agenda issues were discussed and decisions were made as follows:

1. They approved the decision made by the Ordinary General Assembly of stockholders – preferential stock owners on 22.6.2006 for the arrangement of fractional common and preferential stock preemptive rights (10.087 common and 2.496 preferential stocks) which turned up by the Bank capital stock increase on 28.06.2000, sale in accordance with L. 3371/2005 and all derived decisions of EC
2. They approved the decision made by the Ordinary General Assembly of stockholders – preferential stock owners on 22.6.2006 for the amendment of article 6 of the Bank’s Charter due to the Bank Capital stock increase of 10.232.047,80 euros because of the bond conversion of the Bank’s convertible bonded loan issued in virtue of decisions made by the BoD 3.10.2002 and 19.11.2002 in stocks (common and preferential), from 1.1.2005 until 22.6.2006.
3. They approved the decision made by the Ordinary General Assembly of stockholders – preferential stock owners on 22.6.2006 for the Bank capital stock decrease and the respective decrease in the nominal value of each share by erasing an amount of loss equal to the accounting losses provoked during the first application of International Accounting Standards (I.A.S), that is 28.575.252,43 euros, with parallel equal increase in the Capital Stock, in the nominal value per share via capitalization of reserves below par amount and reserves L. 2065/1992 and amendment of article 6 of the Bank Charter.
4. They approved the decision made by the Ordinary General Assembly of stockholders – preferential stock owners on 22.6.2006 for the Bank capital stock increase with cash payment through the above par issue 93.861.130,50 new common and 18.640.298 new preferential nominal stocks. Its buying price is 4,5 € per share and the analogy is 1 new stock for 5 old stocks. They also approved all special arrangements decided by the Ordinary General Assembly (increase in capital stock of 24.403.893,93 €, while Special Reserve through the above par issue will increase of 69.457.236,57 euros). At the same time the amendments of article 6 of the Bank’s Charter have been approved.
5. They approved the decision made by the Ordinary General Assembly of stockholders – preferential stock owners on 22.6.2006 to authorize the Bank Board of Directors to modify the terms of the Bank convertible bonded loan issued in virtue of the decisions of 28.6.2001 of the General Assemblies of common and preferential stocks and in virtue of the decisions of 19.11.2002 of the Board of Directors so that the new terms will not block the Bank merger procedure.
6. They approved the decision made by the Ordinary General Assembly of stockholders – preferential stock owners on 22.6.2006 to issue a convertible bonded loan of 400 million (converting price 7,60 euros and a common bonded loan 600 million euros in order to reinforce the Group’s liquidity and capital adequacy.