The Board of Directors of Emporiki Bank of Greece announces to its shareholders that the subscription period of the rights for the share capital increase of the Bank by way of a cash payment of euro 145,630,617 with the issue of a total of 26,478,294 new common registered shares, with a nominal value of euro 5.50 each, that has been resolved from the Second Repeat General Meeting of the Shareholders on 21.09.2005, ended on 21.12.2005.

The share capital increase was fully covered as follows:
(a) 97.65% of the total capital increase was covered from the exercise of the rights of the old shareholders. In particular, euro 142,212,774 were raised and 25,856,868 new common registered shares were distributed.
(b) 2.35% of the total capital increase was covered from the exercise of the pre-subscription rights from old shareholders. In particular, euro 3,417,843 were raised and 621,426 new common registered shares were distributed. The Board of Directors of Emporiki accepted the aforementioned pre-subscriptions, which led to the entire coverage (100%) of the capital increase, i.e. 26,478,294 new shares that correspond to euro 145,630,617.

The difference between the nominal value and the offering price of each share, amounting in total to euro 251,543,793, will, in accordance with the law and the articles of association of the Company, be credited to the "Share premium account".

Following all the aforementioned, the Bank s shareholders funds reaches euro 728,153,074 divided in 132,391,468 common registered shares of euro 5.50 nominal value each.

The new shares issued from the capital increase will be credited in dematerialised form to the beneficiary accounts indicated by the subscribing shareholders. The settlement date and the first date of trading of the new shares on the Athens Stock Exchange will be announced at a later stage with a respective announcement of the Bank.