"ETHNIKI" S.A. GENERAL INSURANCE CO

Clearance of shares

In compliance with Decision 36/428/17.05.2007 of the Hellenic Capital Market Committee's Board of Directors, we inform our Company's shareholders that the respective approval has been granted for the clearance of 75.734 embodied nominal shares which have not yet been submitted for dematerialization and of shares that have been resulted from corporate actions and have been issued in intangible form in the name of embodied shares' holders. The clearance will be held in accordance with Decision 1/380/4.5.2006 of the Hellenic Capital Market Committee's Board of Directors and Article 99A of the Athens Exchange S.A Regulation. The clearance process of the above shares has been undertaken by ETHNIKI A.X.E.. Monday, June 18, 2007 has been set as starting date of the clearance period. The clearance result will be announced to the Company's Shareholders as defined by the Law (L.3371/14.7.2005 article18). The net result of the clearance after deducting related expenses and taxes, will be deposited to the Deposits & Loans Fund in the account of all eligible shareholders. For further information, please contact to the Company's Investor Relations Department 210-9099653 and 210-9099305.