On 18.10.2005 the general assembly of the company's shareholders which represented the 81.16% of its share capital decided the following: (1) Merger with acquisition of the company by PIRAEUS BANK S.A. (2) Authorization of Mr. Iakovos Georganas or Mr. Ioannis Zairis to represent the Company and sign the contract for the merger with acquisition of the company by PIRAEUS BANK. (3) Approval of all the actions or announcement of the BoD of the company that were made for the purposes of the merger.