Announcements

Rounding of fractional shares and dematerialisation of shares of the Bank of Greece

02/12/2005 - Announcements

It is hereby announced that:

A. According to Article 53 of Law 3371/2005 "Capital Market Issues and Other Provisions", the Bank of Greece ("the Bank") must round the fractional shares that have resulted from the last increase in its share capital (Government Gazette A´ 173/11 July 2005).

Pursuant to this law, holders of fractional shares are invited to declare until 19 January 2006 their intention to sell or purchase fractions so that whole shares are created. It should be noted that the above date is a deadline and applications will be satisfied on a priority basis.

To this end, holders of fractional shares or their duly authorised representatives must come to the Shares Service of the Bank's Head Office or its local Branches and Agencies, producing the personal notice they will receive from the Bank and their identity card or passport. The transaction will be effected on the same day and the purchase or sale price will be calculated on the basis of the market closing price of the share on the previous working day.

Shareholders that fail to round their fractional shares by 19 January 2006 are advised that their fractional shares will be sold on the Athens Exchange and the proceeds from the sale will be credited to an account to be opened with the Bank's Secretariat Section - Shares Service in their favour.

After the above deadline, the new shares will be credited to the Dematerialised Securities System (SAT) of the Central Securities Depository at a date to be appointed thereby.

B. According to the said Article 53 of Law 3371/2005, all the Bank of Greece shares must have been dematerialised by 15 July 2006. To this end, shareholders that have not had their shares dematerialised yet, are requested to come to the Secretariat Section - Shares Service of the Bank's Head Office, or its local Branches if they do not reside in Attica, and apply for dematerialisation of their shares.

It should be noted that, during the dematerialisation procedure, the Bank will recognise shareholders who stand registered on its share register even if they fail to produce their share certificates.

After the lapse of the said deadline (15 July 2006), the shares that will not have been dematerialised will be sold on the Athens Exchange and the proceeds from the sale will be deposited with the Deposits and Loans Fund.

To participate in the dematerialisation procedure and to purchase fractional shares of shareholders that have not had their shares dematerialised yet, a shareholder must keep an account with the Dematerialised Securities System (SAT) of the Central Securities Depository. If the shareholder does not have an account with the SAT, he must open one through any account manager, i.e. a securities company or a custodian bank.

In conclusion, shareholders are requested to produce the following documents to the Bank's services:

- a copy of their SAT account statement;

- identity card or passport; and

- if represented by another individual, an authorisation with legalisation of the shareholder's signature by the competent authority.

For more details, shareholders can contact the Secretariat Section - Shares Service (tel. 210-3202064, 210-3202051, 210-3203288, 210-3203289, fax: 210-3202844).

Athens, 1 December 2005

Administration Department

Secretariat Section

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