HELLENIC EXCHANGES - ATHENS STOCK EXCHANGE S.A.

Notification

Following the disclosure by the company Deutsche Bank AG, shareholder of Hellenic Exchanges S.A., with a letter to the Company dated May 23rd 2006 in accordance with the provisions of Presidential Decree 51/1992, we inform you that on May 19th 2006 "Deutche Investment Management Americas", "Deutsche Bank Investment Gmbh" and "Deutsche Bank Asset Management Inc", subsidiaries of Deutsche Bank Group bought 59,400, 4,000 and 1,890 shares of HELLENIC EXCHANGES S.A. respectively, so that the percentage of participation of the Deutsche Bank Group in the Company is increased from 4.93% to 5.01%, with a corresponding increase in the voting rights in the Company on the total number of shares of the Company.