The Board of Directors of Eurobank Properties REIC decided, at its meeting on 15/5/2006, to propose the distribution of a total dividend of euro 0.36 per share for the fiscal year 2005 to the upcoming Ordinary Annual General Meeting of the Shareholders, which is scheduled to convene on 19/6/2006. It is noted that the proposed dividend represents 100% of the distributable (after the deduction of the statutory reserve) profits of the Company for the fiscal year 2005.