Proton Investment Bank S.A. announces a change in its Board of Directors. More specifically, the Extraordinary General Meeting of the Bank of 07.09.2006 elected a new Board of Directors consisting of 11 members and appointed two of its Board members as independent, non-executive members of the BoD, pursuant to the provisions of Law 3016/2002, i.e. Alexandra Stavropoulou and Panagiotis Alexakis.

Further to the above, on 07.09.2006, following the said General Meeting, the new Board of Directors of the Bank, consisting of the members elected by the General Meeting, was formed into a body corporate as follows:
1.Angeliki N. Frangou, Chairman, Non-Executive Member
2.Anthony I. Athanasoglou, Vice-Chairman, Executive Member
3.Elias G. Lianos, Managing Director, Executive Member
4.Theodoros P. Mylonas, Deputy Managing Director, Executive Member
5.Dimitrios G. Saramantis, Executive Member
6.Hasdai V. Capon, Executive Member
7.George P. Kintis, Non-Executive Member
8.George P. Minetas, Non-Executive Member
9.Markos A. Foros, Non-Executive Member
10.Alexandra G. Stavropoulou, Independent Non-Executive Member
11.Panagiotis D. Alexakis, Independent Non-Executive Member

The term of office of the members of the BoD, in accordance with article 9 of the Articles of Association of the Company, is three (3) years, starting from the date of the Extraordinary General Meeting of 07.09.2006 and expiring with the election of a new Board of Directors by the Annual General Meeting of the year 2009, without there being a possibility of an extension over a four (4) years period.