The business plan of Ethniki Insurance Co. S.A. was released today and is presented by the company's management to analysts and institutional investors in London. Due to the Orthodox Easter holidays the respective presentation to Greek institutional investors is going to take place on the 27th of April 2006. According to the business plan the premium income will increase from EUR 627 million in 2005 to EUR 969 milllion in 2008, an increase of 54,5%, post tax profits will increase from EUR 25,2 million in 2005 to EUR 53 million in 2008 while return on equity will reach 23,6% in 2008 from 13,5% in 2005. No increase is expected in operational expenses in 2006. The above business plan is realistic and it has been based on the growth of the company? s business through the promotion of bancassurance products to NBG's clientele as well as the increase of market share by careful selection of insurable risks with an emphasis on retail business. Sales of insurance policies through NBG's network will reach EUR 120 million in 2006 thus making sales of life business through bancassurance to reach a 32% share of total life premium income. A basic parameter for growth is the regaining of market share in the Motor business, where a target for a 7% premium increase has been set. In addition, the company will launch new profitable products for all lines of business and primarily for life business which will cover consumer needs at competitive rates. Ethniki Insurance, based on the extended geographical dispersion of its sales networks as well as to its personnel which is targeted to remain at 1250 employees for the duration of the business plan will ensure the achievement of the aforementioned targets. Monitoring of the company's productivity, control of expenses and alternative ways of satisfying the company's needs will be continuous while the level of service provided to clients and sales networks will constantly be upgraded. During 2006, compliance with Sarbanes Oxley 404 Act will be implemented, a risk management team will be established and the operations of Internal Control will be upgraded. All these initiatives will reinforce control levels and will enhance corporate governance.