It is noted that, under the 7/12/2006 decision of the Athens Stock Exchange, the Company''s share capital was increased in cash with a first option to present shareholders for 14.649.093 nominal shares. From this increase, funds amounting to Eur 52 736 734.80, were raised. The new shares started trading in the ASE on 12/12/2006. The certification of share capital increase by the Company''s Board of Directors took place in 29/12/2006.
DISTRIBUTION TABLE OF ISSUED FUNDS FROM THE INCREASE IN SHARE CAPITAL BY CASH WITH FIRST OPTION TO PRESENT SHAREHOLDERS (amounts in Eur.):
1. Support Capital Adequacy - Total Funds raised: 51,193,030.88. Raised Funds according to the approved prospectus - by the Stock Exchange Committee: 51,193,030.88.
Total - Total Funds raised: 51,193,030.88. Raised Funds according to the approved prospectus - by the Stock Exchange Committee: 51,193,030.88.
Notes: 1) The amounts that were received from the Bank''s share capital increase, were fully and exclusively covered to support the capital adequacy of ASPIS BANK, according to the terms of the share capital increase, as mentioned in the prospectus for that particular share capital increase, dated on 20 October 2006. 2) There were no distributed funds from the Bank''s share capital increase. 3) Share capital expenses amounted to Eur 1.453.703.92 was fully covered from the funds received. Therefore, the total amount that was raised after relevant expenses amounted to Eur 51,193,030.88.
Report of Factual Findings
To the Board of Directors ASPIS BANK AΤE vWe have performed the procedures agreed with you and enumerated below with respect to the "Use of share capital increase" table of ASPIS BANK ATE (the Bank). The Bank is responsible for preparing this statement. Our responsibility was to perform our work in accordance with International Standard on Related Services (ISRS 4400). Based on our work we confirm that:
1. Amounts included in column "Description of use of capital" are those stated in the Prospectus of ASPIS BANK as of 20 October 2006.
2. The amounts included in "Total Used Capital" are those stated in the Bank''s records.
3. There were no amounts received from the share capital that were not used.
From our work we found no exceptions.
The above procedures do not constitute either an audit or review made in accordance with International Standards or International Standards on Review Engagements, therefore we do not express any opinion except to the results of the procedures performed. Our report is solely for the purpose set forth in the first paragraph of this report and for your information and is not to be used for any other purpose. This report relates only to the amounts above and does not extend to any financial statements of the Bank as a whole.