Geniki Bank announces that the Annual Ordinary General Meeting of its shareholders was held on 15 June 2006 on 12.00. The Bank's General Meeting convened with 58 shareholders present, representing 40.827. 799 shares, i.e. 69.93 % of the Bank's paid up share capital, (58.387.989 shares), and adopted the following resolutions:
1) Approved, following submission of the Board of Directors' and the Auditors' Reports, of the annual financial statements for the year 2005 on a corporate and on a consolidated basis and the non-dividend payment for the fiscal year 2005. Yes: 95,94 % (39.171. 497 shares).
2) Discharge of the Board of Directors and the Auditors from all responsibility of indemnification in relation to the financial year 2005. Yes: 95,94 % (39.171. 497 shares).
3) Approved the remunerations of the members of the Bank's Board of Directors for the financial year 2005 amounting to Euro 794.128,42 and pre-approved their remunerations for the year 2006 of an amount close to Euro 1.500.000. These amounts also include the remunerations of non-executive members of the Board of Directors, who participate to the B.o.D. sessions, to the Audit Committee and to any other Committees organized by the Personnel's Organization. Yes: 95,94 % (39.171. 497 shares).
4) Ratified the election of new members to the Board of Directors in replacement of those members who have resigned. In particular: The election of Mr. Patrick Debaene as Executive Director (Executive Member of the B.o.D), to replace the resigned Mr. Pierre Bonzom, and the election of Mr. Patrick Couste as Deputy Managing Director (Executive Member of the B.o.D), to replace the resigned Mr. Michel Fenot. Yes: 95,94 % (39.171. 497 shares).
5) Elected auditors for the audit of the annual, semi-annual and consolidated financial statements of the Bank and its Group for the year 2006 from certified auditors Deloitte, Hatzipavlou, Sofianos and Cambanis S.A. Specifically, Mr. Nikolaos K. Sofianos (R.N. S.O.E.L.12231 ) as certified auditor and Mr. Michael E. Karavas (R.N. S.O.E.L. 13371) as deputy certified auditor. Yes: 96,00 % (39.194. 497 shares).
6) The shareholders were informed about the use of funds regarding the share capital increase decided by the General Assembly on 12 May 2005. The assets that derived from the share capital increase were completely disposed for the development of the Bank and to strengthen its assets.
7) Approved the granting of permission, pursuant to article 23 par.1 of C.D. 2190/1920, to the members of the Board of Directors and to the Managers of the Bank to participate to Boards of Directors or in the Management of the Group's companies pursuing similar or related business goals. Yes: 96,00 % (39.194. 497 shares).
8) The Banks' shareholders were informed that GBG Finance PLC, affiliate 100% owned by Geniki Bank will withdraw the existing 100 mil. euro Subordinated Loan, issuing a new one bearing the Geniki Bank's Guarantee.