ATEbank, following its latest announcement of 5.9.2008 to the Athens Exchange related to the submission of binding offers for the sale of 50.08% of the equity capital of "ATE Insurance" S.A. as well as for the establishment of strategic alliance "Bancassurance" and after being requested from the Hellenic Capital Market Commission for additional information, announces the following:
1. In the framework of the currently running sale procedure, ATEbank received by 5.9.2008, Friday, two binding offers along with the potential investors' comments and proposals on the agreement drafts already distributed by the Bank (Shareholder's Agreement draft, Shares' Sale and Acquisition Agreement draft and Bancassurance Agreement draft). The assignee Committee of the Bank and its Consultant are already evaluating the binding offers since 8.9.2008. The final decision will be received by the Board of Directors and will be timely announced to investors.
2. It is estimated that the sale procedure and the final decision of the Board of Directors will be completed by the end of October 2008.
3. ATEbank will provide, through announcements to the investors as well as to the Supervising Authorities, any additional information which conduces to the proper briefing in relation with the progress of the procedure.