The Board of Directors of the company "EMPORIKI BANK OF GREECE S.A." (the "Bank") announces to the shareholders the following:

1. The Second Repeat General Meeting of the Shareholders on 21/09/2005 resolved the share capital increase of the Bank for the amount of Euro (?)145,630,617.00 with the issue of 26,478,294 new ordinary registered shares, with a nominal value of euro 5.50 per share, by way of cash payment and rights offering to existing shareholders. Following the said share capital increase, the share capital of the Bank will amount to euro 728,153,074.00 and be divided into 132,391,468 ordinary registered shares, with a nominal v alue of euro 5.50 per share. The total proceeds of the issue will amount to ?397,174,410.00.

2. The rights exercise period commences on 21/11/2005 and ends on 21/12/2005 inclusive.

3. The exercise of the rights will be conducted during normal business days and hours throughout the entire branch network of "EMPORIKI BANK OF GREECE S.A.".

4. The Bank has drawn up a Supplement to the Prospectus (Offering Circular) in accordance with the provisions of article 16 of the Law 3401/2005, which has been approved by the Board of Directors of the Hellenic Capital Market Commission on 05/12/2005. Investors who have already agreed to purchase or subscribe for the securities before the Supplement is published may withdraw their acceptance of such purchase or subscription at the latest within three working days after the publication of the Supplement to the Prospectus (Offering Circular).

5. The Supplement to the Prospectus (Offering Circular) for the Bank's share capital increase is an integral part of the Prospectus and will be available at the Bank s website (www.emporiki.gr/cbg/gr/investors/financial_calendars.jsp?section=cale) as from 07/12/05 and at the site of the ATHEX (www.ase.gr). It will also be available in hard copy until the end of the rights exercise period at:
the branches of "EMPORIKI BANK OF GREECE S.A."
the offices of the Advisor to the Offering "NATIONAL BANK OF GREECE S.A." (14 Amalias St., 102 36, Athens)
the Athens Stock Exchange (ATHEX), 10 Sofokleous Str. Athens

6. For any additional information, shareholders may address their enquiries to the Shareholders Service Department of "EMPORIKI BANK OF GREECE S.A." (Tel: +30 210 6505550, Mr. K. Ritsonis)