Proton Bank S.A. (hereafter the 'Bank') announces, in compliance with the provisions of article 10 of L. 3340/2005 in combination with the provisions of article 2 of the Decision of the Board of Directors of the Hellenic Capital Market Committee, and due to L. 3556/2007 (article 3 (ist), (bb) and article 21) in combination with article 11 of 1/434/03.07.2007 Decision of the Board of Directors of the Hellenic Capital Market Committee, the Boards of Directors of the Bank and of its 100% subsidiary company under the corporate name 'PROTON SOCIETE ANONYME PROVISION OF FINANCIAL ADVICE, TECHNOLOGY AND INFORMATION SYSTEMS' (hereafter 'PROTON FINANCE') decided in their sessions of 27.09.2007 the commencement of merger procedures by absorption of PROTON FINANCE by the Bank, according to provisions of article 78 of L. 2190/1920 and articles 1-5 of L. 2166/1993. The date of the transformation balance sheet is 30.09.2007, while the share capital of the Bank will not be increased and the Bank will not be obliged to issue new shares according to provisions of article 78 of L. 2190/1920.