The Extraordinary General Meeting of ASPIS BANK's Shareholders that was held on Monday July 24, 2006 resolved, amongst other issues of the Agenda, to increase the share capital of the Bank via a rights issue and amend article 5 of the Articles of Association. The capital increase will be effected via cash payment and pre-emptive rights in favour of existing shareholders at a ratio of 3 new to 10 old shares. Pursuant to the capital increase terms, a total of 14,649,093 new common registered shares shall be issued at an offer price of EUR 3,60 each. The total funds to be raised will reach EUR 52,736,734.80. The shares to be issued will have the right to receive dividends for the year 2006. Shareholders exercising their rights will also be able to pre-subscribe to acquire shares possibly remaining at the end of the exercising period. The Bank's main shareholders which today control approximately 55% of the share capital have undertaken to exercise their rights in full. EMPORIKI BANK OF GREECE will act as Lead Manager for the Offering. Furthermore, EFG EUROBANK ERGASIAS has undertaken to purchase un-subscribed shares, or to indicate third-party purchasers subject to the terms of a subscription agreement (except for the shares corresponding to the rights of the main shareholders). The purpose of the aforesaid capital increase is the further enforcement of the Bank's capital base in order to support its 3 year growth plans. The exercise period shall be set announced at a later notice.