Alpha Bank A.E. announces that, following the resolution of the Ordinary General Meeting of Shareholders on April 18, 2006, the Ministry of Development has consequently approved the increase of Bank's share capital by the amount of Euro 133,953,662.80, via a decrease of the nominal value of each share from Euro 5.00 to Euro 3.90 and the capitalization of taxed profits from previous years, resulting in the issue of 116,481,444 new bonus shares, at a ratio of 4 new to 10 old shares.

Following the above corporate action, the purpose of which is the enhancement of the liquidity of the Bank's shares, the new share capital of the Bank will amount to Euro 1,589,971,702.80, divided into 407,685,052 shares of nominal value Euro 3.90 each. The Board of Directors of Alpha Bank, in its meeting on May 4, 2006, certified the full payment of the amount of the increase of Bank's share capital by the amount of Euro 133,953,662.80, in accordance with the resolution of the Ordinary General Meeting of Shareholders on April 18, 2006. On May 3, 2006, the Ministry of Development approved (decision no. Κ2-6543/3.5.2006) the modification of article 5 of the Bank's Articles of Association, due to the increase of its share capital.

Alpha Bank's shares will trade ex-rights on the 4th working day following the date of approval of the listing of the new bonus shares from the Board of Directors of the Athens Exchange (i.e. shareholders entitled to new bonus shares will be Alpha Bank Shareholders on the closing of the trading session in the Athens Exchange on the 3rd working day). The new bonus shares will be credited to the accounts of the entitled shareholders on the 5th working day following the ex-rights trading date.

Responsible for this Information Document and the accuracy of its contents are:
1. George N. Kontos, Senior Manager - Group Financial Reporting
2. Lazaros A. Papagaryfallou, Manager - Corporate Development Division
The current Information Document is available at the Bank's offices in Athens, 40 Stadiou Str., 10252 Athens, and in the Bank's website www.alpha.gr. For any further information, Shareholders can contact Shareholders' Section of Alpha Bank, during working days and hours, (tel. +30 (210) 3265810, Mr. Spyridon Grammenos).