The Board of Directors of Geniki Bank S.A. during its session on May 30, 2007 decided to hold the Annual General Assembly on June 28th, 2007. Τhe Board of Directors decided interalia to propose to the Annual General Assembly the reduction of the Share Capital which will be utilized to offset accumulated losses and at the same time to increase the Share Capital by approximately Euro 210 ml with the pre-emptive right in favour of existing shareholders. The Board of Directors of Geniki Bank S.A informs that all the other announcements will be set according to the ASE Regulation.