A. The Board of Directors of Proton Investment Bank S.A. hereby announces that on November 14th,2006, 17.547.930 new common registered shares of Proton Investment Bank S.A. will start trading in the Athens Exchange (ATHEX) . These shares have been issued by means of the share capital increase of Proton Investment Bank S.A. due to the merger through absorption of Omega Bank S.A. and Proton Securities S.A. On the same date, November 14th, 2006, the price of the shares to be traded in ATHEX will be adjusted according to the ATHEX Regulation in effect. It is certified that the new shares resulting from the merger will be credited according the approved exchange ratio, to the beneficiaries'' accounts through the Central Depository System, no later than November 14th, 2006. Based on the relative valuation approved by the General Meetings of the merging companies, the exchange ratios for the shareholders of Proton Investment Bank S.A. and the absorbed companies are as follows:
a. Shareholders of the absorbing Proton Investment Bank S.A. will retain the same number of common registered shares with voting rights as prior to the merger, i.e. 45.135.892 shares at the nominal value of Euro 4,49 per share.
b. Each shareholder of Omega Bank S.A. will exchange one common voting share of nominal value Euro 4,04 with 0,90 new common registered voting shares of the Absorbing company, of nominal value Euro 4,49 per share.
c. With respect to the absorption of Proton Securities S.A. by Proton Investment Bank S.A., given that the Bank owns the total number of shares of the absorbed company and in accordance to article 78 of Law 2190/1920, new shares will not be issued and the share capital will not be increased by the amount of the share capital of Proton Securities S.A.
Possible indisposed fractional residue which shall accrue will not offer the right to receive fractional shares but may be settled by the Board of Directors of the Bank as authorized by the General Meeting of September 7th, 2006. After the merger which has been approved by the Ministry of Development (Decision No. K2-1306/29.9.2006) the share capital of Proton Investment Bank S.A. now amounts to Euro 281.450.360,78 divided to 62.683.822 common registered shares, with nominal value of Euro4,49 per share. The Board of Directors of the Athens Exchange approved the admission to trading 17.547.930 new shares in the ATHEX, during the Board Meeting dated November 9th, 2006. The Prospectus pursuant to article 4 of Law 3401/2005 drafted for the merger has been communicated to the BoD of the Hellenic Capital Markets Commission on November 8th, 2006 and has been made available to the public since November 9th, 2006 through the Athens Exchange. Additionally, copy of the Prospectus pursuant to article 4 of Law 3401/2005 is posted to the Athens Exchange website in www.athex.gr as well as in the bank''s website which is www.protonbank.com .
Β. The Board of Directors of "PROTON INVESTMENT BANK S.A." also informs the investors public that on September 7th, 2006 the Extraordinary General Shareholders Meeting of the company, among other issues, decided the change of the corporate name to "PROTON BANK S.A." with the distinctive title "PROTON BANK". With regard to the relations and the transactions of the company abroad , the corporate name will stand as "PROTON BANK S.A.". The Ministry of Development with the decision No K2-14055/4.10.2006 approved the amendment of the related article of the Articles of Association of the company. The Board Directors of the Athens Exchange in its meeting on November 9th, 2006 was informed of the above decision. Following the above, by means of the BoD decision of the company, it is specified that as of November 14th, 2006 the corporate name of the company in the Athens Exchange changes to "PROTON BANK S.A." with the distinctive title "PROTON BANK".
For more information, shareholders may contact the Sharehoers'' Service Department, Mrs. Katerina Riga Tel.: +30 210-6970086.