In accordance with articles 11-15 and 18 of Law 3371/2005, EMPORIKI BANK OF GREECE S.A. announces the following:

In respect of the Framework Agreement for Strategic Co-operation dated 18.10.2000 between Emporiki Bank and Credit Agricole S.A. (Section 3.20 MATERIAL CONTRACTS of the Prospectus dated 10 November 2005 for the share capital increase of Emporiki Bank, and Section 1.6 MAJOR SHAREHOLDERS of the Supplement dated 2 December 2005 to the said Prospectus), by letter dated 7 December 2005 of Credit Agricole S.A. to Emporiki Bank it is notified that:

(Α) Credit Agricole S.A. has decided to participate in the share capital increase of Emporiki Bank, by subscribing for shares corresponding to its existing percentage participation and further subscribing for additional shares (from those which will not be taken up by the other existing shareholders) in proportion to its existing percentage participation; and
(Β) under the Framework Agreement for Strategic Co-operation dated 18.10.2000 Credit Agricole S.A. wishes to be offered the opportunity to take up any unsubscribed shares which may result after existing shareholders have exercised their pre-emption and oversubscription rights in relation to the share capital increase of Emporiki Bank.

In respect of the foregoing EMPORIKI BANK clarifies that:
As stated in Section 4.3.1 of the Prospectus dated 10 November 2005, in conjunction with Section 2.4 GUARANTEED SUBSCRIPTION of the Supplement dated 2 December 2005, any un-subscribed shares that will result in case that the existing shareholders do not fully exercise their pre-emption and oversubscription rights, will be disposed by resolution of the Board of Directors of Emporiki Bank, in its discretion in accordance with Codified Law 2190/1920 (article 13 paragraph 5).