Alpha Bank refers to a resolution of its Annual General Meeting of Shareholders dated 3.4.2007 to repurchase own shares, in accordance with article 16 (5) of codified law 2190/1920. According to the aforementioned resolution, Alpha Bank may repurchase, until 15.4.2008, up to 3% of its outstanding, at any given time, paid-in share capital, which currently corresponds to 12,240,660 shares, at a purchase price per share no less than Euro 3.90 and no more than Euro 32.00.