Pursuant to the resolution No. 3/347/12.07.05 of the Board of Directors of the Capital Market Commission, Emporiki Bank of Greece S.A. announces that its Board of Directors, at its meeting on August 24, 2006, in replacement of the resigning members of the Board Mr. George A. Provopoulos, Mr. Leonidas A. Zonnios, Mr. Dimitrios P. Krondiras, Mrs. Marguerite L. Zoulovits, Mr. Dimitrios I. Prokopiou, and Mr. Ioannis G. Fotopoulos, elected correspondingly as its new members: Mr. Christian M. Jacques, Mr. Jean Frederic D. de Leusse, Mr. Pierre-Rene-Henri J. Harang, Mr. Christoforos A. Hatzopoulos, Mrs. Ypatia-Maria-Charlota C. Stratou, and Mr. Philippe J. Dorε. The tenure of the above newly-elected members of the Board of Directors will end on the day that the initial or the postponed Ordinary General Meeting of the Shareholders of the Bank for the year 2008 will take place.
Moreover, the Board of Directors, in accordance with the Bank s Articles of Association, elected the director Mr. Jean Frederic D. de Leusse as its Chairman, director Mr. Bernard C. Dewit as its Vice-Chairman, and Mr. Christian M. Jacques as its Managing Director.
Finally, in accordance with the provisions of L. 3016 "on corporate governance", as modified with article 26 of L. 3091, the Board of Directors determined the capacities if its members as executive, non-executive, and independent non-executive directors.

Following the above changes, the composition of the Board of Directors of the Bank is as follows:
1) Mr. Jean Frederic D. de Leusse, non-executive member, Chairman
2) Mr. Bernard C. Dewit, non-executive member, Vice-Chairman.
3) Mr. Christian M. Jacques, executive member, Managing Director
4) Mr. Fokion F. Dimakakos, executive member
5) Mr. Nikolaos M. Empeoglou, independent non-executive member
6) Mr. Spyridon L. Lorentziadis, independent non-executive member
7) Mr. Philippe J. Dorε, non-executive member
8) Mr. Jean-Luc H. Perron, non-executive member
9) Mrs. Ypatia-Maria-Charlote C. Stratou, non-executive member
10) Mr. Panayiotis N. Tsakos, non-executive member
11) Mrs. Despoina S. Chalkidi, executive member
12) Mr. Pierre-Rene-Henri J. Harang, non-executive member
13) Mr. Christoforos A. Hatzopoulos, independent non-executive member

Both the election of the new members of the Board of Directors and the determination of the capacities of the independent non-executive members of the Board of Directors will be confirmed by a forthcoming General Meeting of the Shareholders of the Bank.