Completion of the procedure for the transfer of the shares of the serbian bank Jubanka a.d. Beograd to ALPHA BANK S.A.

ALPHA SERVICES AND HOLDINGS S.A.

Completion of the procedure for the transfer of the shares of the serbian bank Jubanka a.d. Beograd to ALPHA BANK S.A.

Following the signing of an agreement, on 26 January 2005, to purchase a 88.64% stake in serbian bank Jubanka a.d. Beograd, for a total consideration of Euro 152 million, Alpha Bank announces that on Thursday, 3 February 2005 the above transaction was completed through the transfer of shares to the ownership of the Bank.