STANDARD & POOR'S assigns Fund Rating to Eurobank Mutual Funds managed by EFG MFMC. It is for the first time that a Greek Mutual Fund Management Company receives Fund Rating from an international house. Mr. Gordon Wright, an associate director at S&P's Investment Service group in London, said ??we welcome Eurobank's enthusiasm to submit their funds and investment process to the scrutiny required by our rating procedure?.

The fund rating consists of the Credit Quality and Volatility Rating of Eurobank Bond Fund, Eurobank International Corporate Bond Fund and Eurobank Plus Money Market Fund.

The assignment of Rating to a fund by Standard & Poor's is a long lasting, continuous, and in depth procedure based on the following qualitative and quantitative criteria:

• The skills and the expertise of the management team
• the long term historical performance of the fund
• the structure of the management company and the internal audit procedures
• the size and the stability of the organization responsible for the management of the mutual funds

The credit rating assigned to each fund reflects the degree of protection that the fund provides to its unit holders against losses from credit default events.

It is worth mentioning that among the funds registered for credit rating only 20% manage to receive an above ?A? Credit Rating Score. In addition, among the 7,500 Bond Funds and Money Market Funds in the European market, only 153 are rated by S&P's.

According to Mr. Aris Xenofos, Managing Director of EFG MFMC, the initiative of the company and the results of the rating ?reflect the principles of care in management, stability in results and consistency in strategy that characterize the broad management policy of EFG MFMC?.

The scoring of Eurobank Mutual Funds' credit rating is the following:

Eurobank Plus MM, Credit Rating ?Af?, that signifies the strong protection it provides against losses from credit defaults.
Eurobank Bond Fund, Credit Rating ?Af?, that signifies the strong protection it provides against losses from credit defaults. It should be mentioned that Greece as bond issuer is rated accordingly.
Eurobank International Corporate Bond Fund, Credit Rating ?·BBBf?, that signifies the adequate protection it provides against losses from credit defaults. The above rating is in line with the investment strategy of the fund and its potential for high performance.