ALPHA SERVICES AND HOLDINGS S.A.

ANNOUNCEMENT

Alpha Bank refers to the decisions of its Board of Directors dated 3.8.2007 and 18.12.2007, which set and terminated an interim period for the purchase of treasury shares (9.8.2007 until 18.12.2007), pursuant to the resolution of its Annual Meeting of Shareholders dated 3.4.2007.
Alpha Bank announces that, in the period between 9.8.2007 and 18.12.2007, it has purchased 10,970,643 treasury shares, i.e. 2.67% of the total outstanding paid-in share capital, at a total cost of Euro 265.96 million.
As of 18.12.2007, the Bank owned a total of 10,970,643 treasury shares, i.e. 2.67% of the total outstanding paid-in share capital.