According to decision Nr. 3/347/12.07.05 of the BoD of the Capital Markets Commission, Emporiki Bank announces that its Board of Directors, at its meeting of March 30, 2006, elected, in replacement of Mr. Nikolas Beis of Theodoros, General Manager and Executive Member of the Board, who resigned for health reasons, as a new, Non-Executive Member Mr. Spyros Lorentziadis of Loudovikos-Louis, for the remaining term of the member who resigned, that ends at the day, that the General Shareholders meeting of the year 2008, will be held.

Spyros Lorentziadis, graduate of the Political & Economics Department of the Law School of the University of Athens, is a Greek Certified Auditor and Member of the Technical Council of the Institute Certified Auditors. He started his professional career with Arthur Andersen and became a partner of the Worldwide Organization in 1983. In 1986 he became the Audit Division Head of Andersen s practice in Cairo, Egypt. In 1991 he returned to Athens and in 1998 took over as Chairman & Chief Executive Officer of Andersen, Greece. In 2002 he joined, as a Consultant, the Southeastern European Practice of Ernst & Young. Since March 2005 he provides his services to Emporiki Bank as an Executive Management Advisor on matters of Corporate Governance and Financial Reporting.