Alpha Bank announces that, in the period from 5/9/2005 to 28/2/2006 it has purchased 3,701,794 treasury shares, at an average acquisition cost per share of Euro 23.88. The above mentioned purchase of treasury shares was effected following the decision of the Board of Directors of the Bank dated 30/8/2005, based on the resolution of its Annual Meeting of Shareholders of 19/4/2005, to repurchase treasury shares up to 3% of its total outstanding paid-in share capital, in accordance with art.16, par.5 of codified law 2190/1920. As of 28/2/2006 the Bank owned 8,398,426 treasury shares, i.e. 2.88% of the total outstanding paid-in share capital.