The Board of Directors of EGNATIA BANK through its President and major shareholder Mr. V. Theocharakis officially announces the following:

Mr. V. Theocharakis and the other major shareholders of EGNATIA BANK, following the analysis of various honoring offers, have decided to accept MARFIN FINANCIAL GROUP's offer for a strategic collaboration with the common goal of concentrating powers in the mid-size bank market. Following this, EGNATIA BANK's major shareholders will facilitate the greater participation of MARFIN in the shareholding base of the Bank through the sale of a number of common shares so that MARFIN's final total holding will range from a minimum of 34% to a maximum of 49% of total common shares.

In the framework of this absolutely equal collaboration between Mr. V. Theocharakis and MARFIN decisions with regard to a number of matters, which are being today discussed and analysed in detail, will be announced in time. These matters are the following:
1. Reshuffle of the Board of Directors of EGNATIA BANK always under the presidency of Mr. V. Theocharakis.
2. Amount and conditions of the share capital increase of EGNATIA BANK with maintenance of the preemptive rights of the old shareholders.
3. Possible review of EGNATIA BANK's business plan.
4. Terms and conditions under which EGNATIA will expand through buy-outs and mergers so that in collaboration with MARFIN a significant concentration of powers will be achieved in the mid-size bank market.

The transfer of shares to MARFIN is expected to have been completed within 5 working days at a price of Euro 6,30 per share. The above agreement will become effective under the condition that it will be concurred by the relevant Greek supervisory authorities.