PROTON BANK S.A. announces that the Annual General Meeting of the Shareholders of the Bank convened on the 11th of May 2007 at 17:00 at the Hotel NJV Athens Plaza, in which 78 shareholders participated either in person or by proxy, representing 34.093.191 shares, i.e. with a quorum of 54,39% of the share capital and decided upon the following issues of the Agenda:
1. Submission and approval of the annual financial statements and the consolidated financial statements of the Bank for the 5th financial year (01.01.2006 - 31.12.2006), together with the management report of the Board of Directors of the Bank and the Chartered Auditor's report.
2. Release of the members of the Board of Directors and the Chartered Auditors of the Bank from any liability for compensation in relation to the financial year ended.
3. Decision on the distribution of dividend.
4. Approval of the remuneration of the members of the Board of Directors for the financial year 2006 and (pre-)approval of the remuneration of the members of the Board of Directors for the financial year 2007.
5. Appointment of chartered auditors for the financial year 2007 and determination of their fees.
6. Miscellaneous - Other issues.
In the voting procedure on all items of the agenda, all present shareholders voted, representing in total 34.093.191 shares (which corresponds to 54,39% of the share capital. The resolutions in relation to the above items of the agenda are as follows:
1. On the first item the Annual General Meeting unanimously, i.e. with a quorum of 34.093.191 shares, i.e. 54,39 % of the shares that were represented and voted, approved the annual financial statements and the consolidated financial statements of the Bank for the 5th financial year (01.01.2006-31.12.2006), together with the management report of the Board of Directors of the Bank and the Chartered Auditor's report.
2. On the second item the Annual General Meeting unanimously, i.e. with a quorum of 34.093.191 shares, i.e. 54,39% of the shares that were represented and voted, decided the release of the members of the Board of Directors and the Chartered Auditors from any liability for compensation in relation to the financial year ended.
3. On the third item the Annual General Meeting unanimously, i.e. with a quorum of 34.093.191 shares, i.e. 54,39 % of the shares that were represented and voted, decided the distribution of dividend for the financial year 01.01.2006-31.12.2006 of euro 0.28 per share, which will be paid according to the new procedure provided for by the Regulations of the Athens Stock Exchange and the Central Securities Depository S.A. All shareholders, holding shares at the end of trading session of the Athens Stock Exchange of 15th May 2007, as registered with the register of the Central Securities Depository S.A., will have the right to dividend. In this respect, as of 16th May 2007, the shares will be traded ex-dividend. The dividend will be paid on 24th May 2007 through PROTON BANK S.A.. The Bank will proceed with a separate announcement as to the procedure of payment of dividend, according to article 279 of the Regulation of the Athens Stock Exchange S.A.
4. On the fourth item the Annual General Meeting unanimously, i.e. with a quorum of 34.093.191 shares, i.e. 54,39% of the shares that were represented and voted, approved the remuneration of the members of the Board of Directors paid for and during the financial year 2006 and (pre-)approved the remuneration of the members of the Board of Directors for the financial year 2007.
5. On the fifth item the Annual General Meeting unanimously, i.e. with a quorum of 34.093.191 shares, i.e. 54,39% of the shares that were represented and voted, appointed the Chartered Auditors Ms Athanasia Arabatzi and Mr. Vassilis Kazas from the auditing firm "GRANT THORNTON S.A. CHARTERED ACCOUNTANTS MANAGEMENT CONSULTANTS", as the regular and deputy Chartered Auditoof the Bank, respectively, for the financial year 2007 and determined their remuneration.
6. On the sixth item the Annual General Meeting, in relation to a query by a shareholder the management specified that the time period of discussions for the completion of the buy-out of 51% of International Life is extended until the end of May. This delay is caused by the fact that the due diligence by Proton Bank of the International Life Group has not yet been completed.
Further, the present shareholders were informed that within 2007 the establishment of eleven (11) new subsidiaries is planned. As a result, by the end of 2007 the subsidiaries will amount to approximately thirty-two (32) in total.