Alpha Bank announces that, from 29.12.2006 onwards, trading will commence for the 336,950 newly issued, registered, voting shares of the Bank, arising from the recent share capital increase of Euro 1,314,105.00 due to the exercise of stock options by 48 executives of the Bank and related companies, at an exercise price of Euro 3.90 per share, in accordance with the relevant decisions of the Bank''s Annual Meeting of Shareholders of April 11, 2000 and April 9, 2001 and the Board of Directors'' resolution of December 1, 2006. The full payment of the above share capital increase has been certified by the relevant decision of the Board of Directors of the Bank of December 4, 2006, following the aforementioned decisions of the Annual Meetings of Shareholders, copied in to the Ministry of Development and subsequently registered in the Company Register (M.A.E) with decision number Κ2-16877/12.12.2006. The Board of Directors of the Athens Exchange, in its meeting on 21.12.2006, approved the trading of the 336,950 new shares of Alpha Bank A.E. The 336,950 new shares will be credited to the accounts of the entitled shareholders in the Greek dematerialized securities system (Σ.Α.Τ.) on 29.12.2006, and, on the same day, will be available for trading in the Athens Exchange. Alpha Bank''s share price will be adjusted accordingly on the same date, as determined by decision no 37 of the Board of Directors of the Athens Exchange.