"ETHNIKI" S.A. GENERAL INSURANCE CO

Response to the Press

Responding to respective press articles, Ethniki announces that it currently holds 900.000 shares of "EUROPA" A.E.G.A. representing 30% of the company's sharecapital and for which a buying option to the company's main shareholder has been provided for euro 2.531.190 expiring at April 30, 2011.