EGNATIA BANK announces that on Wednesday 31st May 2006, 8.090 common and 660 preferred registered shares will begin trading on the Athens Stock Exchange. These new shares result from the increase in the Bank's share capital in the amount of 10,237.50 through the conversion of 8.090 convertible bonds into common shares and 660 convertible bonds into preferred shares from the existing Convertible Bond issued on 21/01/2003, with a nominal value of 3.20 and a per share conversion rate of 3.20, in accordance with the decisions taken at the successive General Meetings of EGNATIA BANK's common and preferred shareholders on 28/06/2001.

The above increase, which does not alter the Bank's statutes, was certified by the Bank's Board of Directors on 05/05/2006, was approved by the Ministry of Development and was registered at the S.A. registry under decision number Κ2-7175/16.05.2006.

The Board of Directors of the Athens Stock Exchange during its meeting on Thursday 25th May 2006 approved the introduction of the above 8.090 common and 660 preferred registered shares of the Company.

The Company's Board of Directors decided that the new shares will begin trading on the Athens Stock Exchange on the 31st May 2006. On the same date the above shares will be added to each beneficiaries securities account with the Custodian and EGNATIA BANK's share capital will reach 93.180.129 common and 11.088.214 preferred registered shares.