Agricultural Bank of Greece S.A. ("ATEbank" or the "Bank") announces that pursuant to the declared intention of its Board of Directors to propose a dividend distribution of Euro 0.07 per share for the fiscal year to 31 December 2005, an additional income tax charge of Euro 29.8 million will be incurred. The aforementioned dividend payment and the proposed share capital reduction payment of Euro 0.05 per share are subject to approval by the Bank's Annual General Meeting scheduled for 4 May 2006. The additional income tax charge of Euro 29.8 million will be charged in the Bank's financial statements for the quarter to 30 June 2006.

ATEbank also announces that its Tier 1 Capital Ratio as of December 31, 2005 stands at 13.0% vs 12.0% initially announced. The positive difference arises from a reduction of risk weighted assets following submission of the final report to the Bank of Greece.