The Extraordinary General Meeting of Geniki Bank''s shareholders was held on 23 October 2006 at 12.00 hours at the Headquarters of Geniki Bank (Mesogeion Avenue 109-111, Athens 115 10) at the ground floor auditorium. The Bank''s Extraordinary General Meeting convened with 40 shareholders present, representing 40.800.447 shares, i.e. 69.88 % of the Bank''s paid up share capital, (58.387.989 shares), of which 40.675.631 shares (69.67%) had been deposited duly and timely and 124.816 shares (0.21%) had been deposited duly but not on-time. Thus the quorum achieved allowed the Extraordinary General Meeting to deliberate on the issues of the Agenda:
Issue no 1
Subordinated Fixed Rate Notes due 2016
Required quorum: 66.67%
Achieved quorum: 69.88%
In accordance with its articles of Association for early redemption and payment of the existing Subordinated Loan of euro 100 ml (which was agreed on the Extraordinary General Assembly, dated 12/11/2001) Geniki Bank is going to issue a new Subordinated Loan with 10 years duration of an amount up to euro 150 ml, with a fixed interest rate plus a spread of 0.5% above market rates through a private placement to Societe Generale, Geniki''s mother company. The net proceeds of the issue will be applied by the Bank for its general corporate purposes. The BoD was authorized to proceed to all the necessary procedures for the issuance of the new Subordinated Loan.
Yes: 99.94% (40.778.663 shares)
Issue no 2
Amendment of the article 7 par. 2 of the Statutes of the Bank (period of exercising the preferential right in case of a share capital increase).
Required quorum: 66.67%
Achieved quorum: 69.88%
The EGM approved the amendment of the article 7 par. 2 of the Statutes of the Bank in order to shorten the minimum duration of the period for the exercise of the preferential right (in case of a share capital increase) from one month to fifteen days.
Yes: 85.30 % (34.803.963 shares)