ASPIS BANK SA (the ''Bank''), pursuant to the resolutions of the meeting of the Board of Directors held yesterday, as of 19.10.2009 announces the following:
The Board of Directors appointed Mr. Stavros Androutsopoulos as a new independent and non-executive member of the board of directors in replacement of the resigned member Mr. Nikolaos Moustakis. Mr. Stavros Androutsopoulos shall be a member of the Audit Committee and the Remuneration Committee of the Bank in replacement of Mr. Nikolaos Moustakis.
As a result of the above changes, the current composition of the Board of Directors of the Bank has as follows:
Ioannis-Dionyssios Stavropoulos, Chairman - non Executive Member
Christos Sorotos, Vice Chairman & Managing Director - Executive Member
Nicolaos Mallouchos, Executive Member
Vassilios Dalakides, Independent - non Executive Member
Dimitrios Goumas, Independent - non Executive Member
Phedon Tamvakakis, Independent - non Executive Member
Vassilios Apostolopoulos, Independent - non Executive Member
Stavros Androutsopoulos, Independent - non Executive Member
Furthermore, the Board of Directors of the Bank explored the necessity of changing its corporate name and identity. The Board resolved to appoint a specialized firm to undertake the necessary evaluation with a view to submitting its proposal regarding a new corporate name and identity in one of the next General Meeting of Shareholders of the Bank.