ΑΓΡΟΤΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ Α.Ε.

Board of Directors' Resolutions

Agricultural Bank of Greece announces that its Board of Directors, in its meetings of 24/02/2006 and 27/02/2006, decided to submit a binding offer to Merill Lynch regarding the acquisition of Zepter Bank of Serbia.