According to decision Nr.3/347/12.07.2005 of the Board of Directors of the Capital Market Commission and in reply to the letter nr.29903/14.06.2006 of the Athens Stock Exchange S.A. by which Athens Stock Exchange S.A. forwarded to Emporiki Bank of Greece S.A. article of the newspaper "IMERISIA" (ΗΜΕΡΗΣΙΑ), dated 13.06.2006, in relation to its subsidiary "PHOENIX METROLIFE EMPORIKI S.A.", EMPORIKI BANK OF GREECE S.A. announces the following: 1. As it had been notified, Emporiki Bank considers all facts for the support and further growth of the subsidiary company.Within the above framework the possibility of disposal of shares of its subsidiary is also being considered, without anything until today to be for announcement in accordance to the Law. 2. Furthermore please be advised that, as it has been announced by the article on the same date, the French Bank CREDIT AGRICOLE S.A. announced the submission of an optional public proposal, in accordance with the provisions of the Law 3461/2006, for the purchase in cash of the total of the ordinary nominal shares of the Bank. Following this development, any further proceedings that would concern its subsidiary, would have taken place in accordance with the provisions of Law 3461/2006, which is something that the Bank, for the time being, does not consider.