The ranking of the Primary Dealers on the basis of their activity in the Greek government bond market in the first quarter 2003 is as follows:

1. National Bank of Greece
2. EFG Eurobank-Ergasias
3. Piraeus Bank
4. San Paolo-IMI Bank
5. HSBC Bank plc
6. CSFB (Europe) Ltd
7. Alpha Bank
8. Deutsche Bank AG
9. ING Bank NV
10. Lehman Brothers International (Europe)
11. Citigroup Global Markets Ltd
12. Commercial Bank
13. BNP Paribas
14. Goldman Sachs International Ltd
15. JP Morgan Securities Ltd
16. UBS Ltd
17. Morgan Stanley & Co. International Ltd
18. Merrill Lynch International