EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.
Initiation of merger process
The Board of Directors of EFG Eurobank Ergasias SA ("Eurobank") and DIAS Portfolio Investments S.A. ("DIAS"), at their meetings on 1 November 2010, decided to initiate the merger process between Eurobank and DIAS under the following basic terms:
a) The merger will take place by the absorption of DIAS by Eurobank, by consolidating the assets and liabilities of both entities, under the provisions of laws 2515/1997, 2166/1993 and 2190/1920, combined.
b) The merger reference date is set as 2 November 2010.
c) The proposed exchange ratio of the old (pre-merger) shares of DIAS and Eurobank with the new (post-merger) Eurobank shares is: 6.2 existing DIAS shares for 1 new Eurobank share and 1 new EUROBANK share for every 1 Eurobank share held.
a) The merger will take place by the absorption of DIAS by Eurobank, by consolidating the assets and liabilities of both entities, under the provisions of laws 2515/1997, 2166/1993 and 2190/1920, combined.
b) The merger reference date is set as 2 November 2010.
c) The proposed exchange ratio of the old (pre-merger) shares of DIAS and Eurobank with the new (post-merger) Eurobank shares is: 6.2 existing DIAS shares for 1 new Eurobank share and 1 new EUROBANK share for every 1 Eurobank share held.