Alpha Bank makes reference to the resolution of its Annual Meeting of Shareholders of 18.4.2006, to purchase treasury shares, in accordance with art.16, par.5 of corporate law 2190/1920. According to the aforementioned resolution, Alpha Bank may proceed, until 17.4.2007, to the purchase of up to 3% of its total outstanding paid-in share capital, at the lower limit share purchase price of Euro 3.90 and upper limit share purchase price, Euro 26.00.

The Board of Directors of Alpha Bank, at its meeting on 18.7.2006, decided the termination as of 20.7.2006, of the current share buyback period (22.5.2006 to 20.10.2006), and the initiation of a new time period from 21.7.2006 to 17.4.2007, for the purchase of up to 6,230,552 treasury shares at the lower and upper limit share purchase price of Euro 3.90 and Euro 26.00, respectively.