Alpha Bank refers to a resolution of its Annual General Meeting of Shareholders dated 3.4.2007 for the purchase of treasury shares pursuant to article 16 of codified law 2190/1920. Under the aforementioned resolution, Alpha Bank may purchase, till 15.4.2008, up to 3.00% of its then outstanding, paid-in, share capital, currently corresponding to 12,329,300 shares, at a purchase price per share of no less than Euro 3.90 and no more than Euro 32.00. Pursuant to the foregoing, the Board of Directors of Alpha Bank, at its meeting on 4.1.2008, resolved that the Bank, directly or indirectly, purchase, in the period between 9.1.2008 to 15.4.2008, up to 3.00% of the total outstanding capital of the Bank which today equals 12,329,300 shares, at a purchase price per share of no less than Euro 3.90 and no more than Euro 32.00.