Thursday, December 3, 2015

ANNOUNCEMENT

 Acquisition of Eurobank's shares

 Eurobank Ergasias S.A. (hereafter “Eurobank”) announces, pursuant to article 10 of Law 3340/2005, as in force, and following relevant notification received from Mr. Wade Sebastian Burton, who holds a managerial position in Eurobank as a non-executive director in its Board of Directors, that, following the completion of Eurobank's share capital increase through payment in cash and issuance of 2,038,920,000 new ordinary shares, with nominal value €0.30 and offer price €1.00 each, which was effected pursuant to the decision of the Extraordinary General Meeting of Eurobank's shareholders held on 16.11.2015, in conjunction with the Board of Directors' decisions of 18.11.2015 and 24.11.2015, and the commencement of trading of the new ordinary shares in the Athens Exchange on 2.12.2015, the companies outlined below acquired (on 2.12.2015), due to their participation in the relevant share capital increase, 350,000,000 shares of Eurobank amounting to €350,000,000 in total, as follows:

This notification is made because Mr. Wade Sebastian R.E. Burton holds the position of managing director at Hamblin Watsa Investment Counsel Ltd., a wholly owned subsidiary of Fairfax Financial Holdings Limited, which has entered into investment management agreements with the abovementioned companies.