EGNATIA BANK SA notifies that in the announcement dated 23.6.2006 concerning the decisions taken on the 22.6.2006 Annual General Meeting of Shareholders holding Common Shares and in subject 11 of the agenda it was erroneously stated that the amount of increase in the share capital of the Bank is euro 93.841.509 and the number of preferred shares that will be issued is 2.217.643. The correct information instead is that the amount of increase in share capital is euro 93.861.130,50 by the issuance at a premium of 18.640.298 new common and 2.217.731 new preferred registered shares at a price of euro 4,5 per share.

Further to the above we hereby place in correct repetition the text of the Announcement of the Bank of 23.6.2006:
EGNATIA BANK S.A. announces that on 22nd June 2006 the Annual General Meeting of common shareholders took place with the participation of 131 shareholders representing 68.382.957 shares that is 73,388% of the Bank's share capital. During the meeting all issues on the agenda were discussed and decisions were taken as follows:
1. The Annual Financial Statements and the Consolidated Financial Statements for 2005 were approved as were the reports of the Board of Directors and of the Auditors. A dividend distribution of euro 0,05 per share was decided. The beneficiaries of this dividend are the holders of common and preferred shares at the close of business of the Athens Exchange on 26/06/2006. The ex-dividend date is 27/06/06 and the dividend distribution will commence on 05/07/2006 by EGNATIA BANK S.A. The Company will make a separa te announcement with regard to the dividend distribution procedures in accordance with article 279 of the Athens Exchange regulation.
2. The release of the members of the Board of Directors and of the Auditors from all compensation for the Annual Financial Statements and Consolidated Financial Statements and for the management of the company for the business year 2005 was decided upon.
3. "KPMG Kyriakou Auditors S.A." was elected as auditors for the Bank's Annual Financial Statements and the Group's Consolidated Financial Statements for the business year 2006 and their annual fee was decided upon.
4. The election at 11/4/2006 of the following Board members was approved by the Board of Directors as replacements of resigned members of the Bank for the remainder of their tenure and approval of their actions: Andreas Vgenopoulos as an executive member, Eleftherios Hiliadakis as an executive member, Androniki Plakomihelaki as an executive member, Konstantinos Los as a non-executive independent member and Ioannis Grammatidis as a non-executive independent member.
5. A new Board of Directors was elected and its independent members were defined as following: Vassilios Theocharakis, Alexandros Bakatselos, Andreas Vgenopoulos, Eleftherios Hiliadakis, Panagiotis Throuvalas, Androniki Plakomichelaki, Panagiotis Theocharakis, Despoina Theocharaki, Mihalis Louis, Konstantinos Los, independent member, Ioannis Grammatidis, independent member.
6. The Bank's contracts with Mr. Eleftherios Hiliadakis as Managing Director and with Mrs. Androniki Plakomichelaki as General Manager were approved and their remuneration was determined in accordance with articles 23a and 24 of Law 2190/1920.
7. Permission was granted in accordance with article 23 paragraph 1 of Law 2190/1920, to the members of the Board of Directors and to the Managers allowing them to participate in the Boards of Directors and in the Management of associated companies with the same or similar purpose.
8. The settlement of remaining fractions of preference rights of common and preferred shares (10.087 common and 2.496 preferred shares) which were produced as a consequence of the Bank's capital increase dated 28/06/2000 by liquidating them in line with Law 3371/2005 and in the line with the relevant Capital Markets Committee decisions.
9. It was decided to increase the Bank's share capital in the amount of euro 10.232.047,80 and to amend article 6 of the Bank's statutes because of the conversion of bonds, of the Bank's Convertible Bond issued on the basis of Board of Directors decisions of 3.10.2002 and 19.11.2002, into common and preferred shares during the period from 1.1.2005 to 22.6.2006.
10. Approval for the reduction of the Bank's share capital with equivalent reduction in the nominal value of each share by write-off of losses in an amount equal to the book losses resulting from the first application of the International Accounting Standards, that is euro 28.575.252,43, with a parallel equal increase in share capital with an equivalent increase in the nominal price of each share through capitalization of share premium reserves and reserves of Law2065/1992 and amendment of article 6 of the Ba nk's statutes.
11. Approval for the increase in the Bank's share capital with capital injection in cash of euro 93.861.130,50 , by issuance at a premium of 18.640.298 new common and 2.217.731 new preferred shares at a price of euro 4,5 per share, in a ratio of one (1) new share for five (5) old ones and modification of art.6 of the Bank's Statutes and provision of pre-emptive right in favor of the old shareholders and bondholders who have already converted their bonds into shares. The time limit for exercising pre-emptive right s was set at four (4) months. The Board of Directors was authorized to set the commencement date for this procedure. Both Mr. Vassilios Theocharakis and Marfin Financial Group reiterated that they intend to maintain their existing share percentage (while reserving the right to reduce their share percentage for the purpose of share distribution to staff as per the following paragraph) for the period up to the completion of the capital increase and for 6 months following the flotation of the new shares.
12. It was decided to distribute of up to 2 million shares to Group staff for those shares which will remain unclaimed by their beneficiaries through the above rights issue. In the event that less than 2 million shares remain unclaimed, then the Bank's main shareholders will make up the difference, by not exercising their pre-emptive rights.
13. It was decided to proceed with the issue of a euro 400 million convertible bond with a conversion rate of euro 7,60 and of an up to euro 600 million bond issue for the purpose of improving both liquidity and the Group's capital adequacy. The shareholders placed at the discretion of the Board of Directors the decisions with regard to the time frame and terms and conditions for both bond issues.
14. It was decided to authorize the Board of Directors to amend the terms and conditions pertaining to the convertible bond issued by the Bank on the basis of the Board of Directors decisions reached on 3.10.2002 and 19.11.2002, so that the amended terms and conditions will not hinder the progress of the Banks' merger procedures.

At the same time, EGNATIA BANK S.A. announces that on 22.6.2006 the Annual General Meeting of preferred shareholders took place with the participation of shareholders representing 6.580.604 shares, that is 59,348% of the Bank's share capital. Quorum was therefore not formed and the above meeting has been rescheduled. The President of the Meeting recommended that the 1st Repeated Annual Meeting of Preferred Shareholders takes place on Tuesday 11th July 2006 at 13:00 at the "Makedonia Palace" Hotel.