ETHNIKI GENERAL INSURANCE CO. S.A. announced today that its Extraordinary Shareholders' General Meeting, which convened on 2 November 2005 approved unanimously the following items of the Daily Agenda:

1. The transfer of the registered offices of the company and modification of Article 2 of the company's Articles of Association. The company's headquarters have moved to 103-105 Sygrou Ave., Athens 117 45, Greece.

2. The share capital increase of the company in the form of a rights share issue by the amount of EUR 129,106,800.00 and through the issue of 43,035,600 new shares, of a par value of EUR 2.50 each and issue price of EUR 3.00. Thus, existing shareholders will exercise the preemption right in terms of: 5 new shares for every 10 old shares held.Modification of Article 5 of the company's Articles of Association.