PROTON Bank S.A. announces a change in its Board of Directors. More specifically, on the Board meeting of September 30h 2008, Mr. Evangelos Papaevangelou, Mrs. Mary Markopoulou and Mr. Paschalis Giouchas were elected as new members for the remaining time of its tenure, in replacement of Mrs. Angeliki Frangou, Mr. Loukas Valetopooulos and Mr. Markos Foros, who resigned from the Board. The election of the new members will be submitted to the next General Meeting for approval.

Consequently, after the above replacements, the Board of Directors of PROTON Bank S.A., convened into a Body as follows:

1. Anthony I. Athanassoglou, Chairman, Executive Member.
2. Elias G. Lianos, Vice-Chairman, Managing Director, Executive Member.
3. Athanasios J. Papaspiliou, Executive Member.
4. Dimitrios G. Saramantis, Executive Member.
5. Sotiria Massaveta - Theodossi, Executive Member.
6. Evangelos D. Papaevangelou, Non-Executive Member.
7. Paschalis P. Giouchas, Executive Member.
8. George P. Minettas, Non-Executive Member.
9. Mary D. Markopoulou, Non-Executive Member.
10. Alexandra G. Stavropoulou, Independent Non-Executive Member.
11. Panagiotis D. Alexakis, Independent Non-Executive Member.

According to Article 9 of the Articles of Association of the Bank, the above Board of Directors is of a three-year tenure, starting from September 7th, 2006, which is the date of the Extraordinary General Meeting and will expire upon the election of the new Board of Directors by the Ordinary General Meeting of year 2009. The tenure may not exceed four (4) years.