The Company hereby informs its shareholders that in accordance with decision 3/387/19.6.2006 of the Hellenic Capital Market Commission, which amended decision 1/380/4.5.2006, the deadline to submit paper shares for de-materialization, is extended to 31 October 2006. After the above-mentioned date, the registered paper shares (paper securities and depository receipts) which will have not been submitted to the Company for de-materialization, will be disposed of through the Athens Exchange in accordance with Article 99A of the Athens Exchange Rulebook, at a date to be set by the Hellenic Capital Market Commission. The net result from disposal after deduction of all related expenses and taxes, will be deposited to the Deposits and Loans Fund, in the account of all eligible holders on a pro-rata basis, no later than seven (7) days following the completion of each disposal period. The Company will inform the eligible holders of the result from the disposal and the process of collecting the amount due. In light of the above the Company's Shareholders are invited to submit to the Company's Headquarters either in person (during normal working hours) or by mail the registered titles or depository receipts, enclosing a complete printout of the S.A.T. slip by 27 October 2006, to the address ETHNIKI INSURANCE COMPANY Syngrou Ave. 103-105, 117 45 Athens (4th floor, Office 406). For additional information shareholders may contact the Company's Shareholder Service Department, tel. (+30) 210 9099305 and (+30) 210 9099653.