The Board of Directors (BoD) of the Athens Exchange S.A. (ATHEX), during its session yesterday, approved the application of the management company "ALPHA ASSET MUTUAL FUND MANAGEMENT COMPANY", after it found out that its ETF unit called "ALPHA ETF FTSE ATHEX 20" meets the criteria for its listing in the Exchange Traded Fund (ETF) segment of the Securities Market of the ATHEX.. Its about the first ETF which will be admitted to ATHEX and which has as underlying index the FTSE ATHEX 20 Index.

In addition, the ATHEX BoD, during yesterday's session, approved admission to trading for:

• 14.967.940 common registered shares of the company "PASAL REAL ESTATE DEVELOPMENT S.A.", after it found out that its shares fulfilled the free float criterion. Out of the total number of shares to be admitted to trading: a) 3.730.000 were issued in the recent Public Offer carried out between 12/12/2007 - 14/12/2007, at euro 6,00 per share and b) 170.000 were distributed through a Private Placement until 10/12/2007, to Members of the Board of Directors and employees of the company at an issue price of euro 5.40 per share, as well as to partners of the company at an issue price of euro 6.00 per share. The shares of the company will be traded under the Small & Mid Cap segment of the ATHEX, while the first date of trading is set for 4th January 2008.
• 94.563.482 new common registered shares of the company "SCIENS INTERNATIONAL INVESTMENTS & HOLDING CO. S.A.", which resulted from the share capital increase of the company carried out in the form of a right's issue. The start date of trading of the new shares was set for 24th December 2007.
• 36.600.000 new common registered shares of the company "EUROBANK PROPERTIES S.A..", which resulted from the share capital increase of the company carried out in the form of a right's issue in favor of the old shareholders of the company. The trading of the new shares will begin on 24th December 2007.
• 12.702.080 new common registered shares of the company "PC SYSTEMS S.A.", which resulted from the share capital increase of the company carried out in the form of a right's issue in favor of the old shareholders of the company. The start date of trading of the new shares is set for 31st December 2007.
• 7.906.180 new common registered shares of the ompany "PAPERPACK - I.TSOUKARIDIS S.A.", which resulted from a reduction of the par value of the share, i.e. from euro 0.90 to euro 0.30 (stock split) through the distribution of bonus shares to company shareholders, in terms of: 2 new common registered shares for every 1 old common registered share. Beneficiaries of the new bonus shares will be those that will have been registered in the Shareholders' Register of the company at the end of the trading session of 27th December 2007. The start date of trading of the new shares is set for 7th January 2008. Moreover, the ATHEX was informed about the change of the share's par value, i.e. from euro 0.80 to euro 0.90.
• 3.627.865 new common registered shares of the company "BANK OF CYPRUS LTD", which resulted from a share capital increase carried out due to the re-investment of an interim dividend for the fiscal year 2007. The date for the admission of new shares will be announced shortly by the company.
• 3.234.000 new common registered shares of the company "DIONIC S.A..", which derived from the conversion of 294 bonds. The trading of new shares will commence on 31st December 2007.
• Of the following new common registered shares of the company τ EFG EUROBANK ERGASIAS BANK S.A.: a) 649.605 new common registered shares, which resulted from a share capital increase carried out due to the reinvestment of an interim dividend for the fiscal year 2007 and b) 1.847.817 new common registered shares which stemmed from a stock option plan exercised by executives of the company and its affiliated companies. The start date of trading of the new shares is set for 24th December 2007.
• 2.109.375 new common registered shares of the company "LIVANIS PUBLICATIONS S.A.." which resulted from the exercise of a stock option plan by Members of the Board of Directors, General Directors, top executives and employees of the company. The start date of trading of the new shares is set for 28th December 2007.
• 1.454.798 new common registered shares of the company "PIRAEUS BANK S.A." which stemmed from the exercise of a stock option plan by executives of the company and its affiliated companies. The trading of the new shares will begin on 28th December 2007.
• 455.585 new common registered shares of the company "MARAK ELECTRONICS S.A." which resulted from a rights' share issue. The trading of the new shares will begin on 31st December 2007.
• 314.000 new common registered shares of the company "EVEREST HOLDINGS & INVESTMENTS S.A." which resulted from the exercise of a stock option plan by BoD Members, executives of the company and its affiliated companies. The trading of new shares will begin on 31st December 2007.
• 122.658 new common bearer shares of the company "SIDENOR S.A.", which resulted from a stock option plan by BoD Members, its emplyees and its affiliated companies. The trading of the new shares will begin on 28th December 2007.
• 64.810 new common bearer shares of the company "HELLENIC CABLES S.A." which resulted from a stock option plan exercised by Members of the BoD, executives of the company and its affiliated companies. The trading of the new shares will begin on 28th December 2007.
• 40.000 new common bearer shares of the company "ΕΛΒΑΛ S.A." which resulted from a stock option plan exercised by Members of the BoD, executives of the company and its affiliated companies. The trading of the new shares will begin on 28th December 2007.
• Of the issues of bank bonds.

In addition, the BoD of the Athens Exchange, was informed about the increase and decrease (equal in amount) of the share of the company "EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.". The share's nominal value remains at euro 0.60. The said corporate action will be put into effect on 28th December 2007.

Moreover, the ATHEX BoD, approved the acquisition of a market making license for the following companies-ATHEX /ADEX Members:

• "MERIT SECURITIES S.A." on the shares of the listed company "FASHION BOX HELLAS S.A." and set as start date of market making the 24th December 2007.
• "ETHNIKI SECURITIES S.A." on the options of the indices, FTSE/ASE-20 and FTSE/ΑSE MID-40 and set as start date of market making the 9th of January 2008.
• "ETHNIKI SECURITIES S.A." on the stock futures of the company "NATIONAL BANK OF GREECE S.A." and set as start date of market making the the 9th of January 2008, and
• "BETA SECURITIES-INVESTMENT CO. S.A." on the shares of the listed company "VOYATZOGLOU SYSTEMS S.A." and set as start date of market making the the 8th of January 2008.

Finally, the ATHEX BoD renewed the market making licenses of:

• "ARTION SECURITIES - INVESTMENT CO. S.A." on the shares of the listed company "FASHION BOX HELLAS S.A." and "ELTON INTERNATIONAL S.A."
• "ETHNIKI SECURITIES S.A." on the shares of the listed company "ALPHA BANK S.A." and "OPAP S.A."
• "INVESTMENT BANK OF GREECE S.A." on the shares of the company "INTRALOT S.A.", "BANK OF CYPRUS S.A.", "HELLENIC EXCHANGES S.A.", "MYTILINEOS S.A.", "GEK S.A.", "HELLENIKI TECHNODOMIKI TEV S.A..", "OTE S.A.", "NATIONAL BANK OF GREECE S.A.", "ALPHA BANK S.A.", "PIRAEUS BANK S.A", "PUBLIC POWER CORP. S.A.", "OPAP S.A.", "COCA-COLA HBC S.A.", "COSMOTE S.A." and "EFG EUROBANK ERGASIAS S.A.".