ALPHA SERVICES AND HOLDINGS S.A.

Announcement with respect to Morgan Stanley's interest in Alpha Bank [14.3.2011]

Alpha Bank announces that it has received and published, pursuant to Law 3556/2007, a statement/notice of Morgan Stanley that it has increased, through Morgan Stanley and Co. International PLC and Morgan Stanley and Co. Inc. New York acting on their own behalf, its stake in Alpha Bank's share capital, which now amounts to 5.1% thereof. Said holding was acquired on an unsolicited basis, without prior notice to, or communication with, the issuer, as is customary in case of interested institutional investors.
Morgan Stanley has, inter alia, acted as lead advisor to National Bank of Greece (NBG) in connection with the NBG (termed as friendly) merger offer to Alpha Bank dated January 18, 2011, and as a joint Bookrunner in NBG's September 2010 rights issue.
Alpha Bank shall assist the competent authorities to ensure compliance with applicable laws, and as ever will continue to work in the interests of its shareholders, employees and customers, particularly in the present uncertainty.