Draft Amendment of the Articles of Association

29 October 2007
EFG Eurobank Ergasias S.A. announces, in accordance with article 19 par. 2 of l. 3556/2007, that it proposes to amend article 5 of its Article of Association by Resolution of the Bank’s Extraordinary General Shareholders Meeting which will convened on Friday, 9 November, 2007, at 10 a.m., at “Bodossaki Foundation” (conference room “John S. Latsis”), Amalias Av. 20, Athens, or should the quorum required by law not be achieved, at the Repeat Extraordinary General Meeting that will take place on Wednesday, 21 November 2007, at 10 a.m., at the same place, or any adjournment thereof. The amendment, set out below, should be read in conjunction with the summary of issues for the General Meeting which has been posted on the Bank’s website www.eurobank.gr
“5th Article.
  1. The Bank’s share capital amounts to ... (...) and is divided into ... (...) shares, of nominal value two euro and seventy-five cents (2,75) each.
  2. The above amount of the Bank’s share capital has developed as indicated below:
    .....................................................................................................................................................
2.52. By decision of the […] Extraordinary General Assembly of the shareholders dated … November 2007, the share capital was increased by the amount of … euro, by issue of … new shares, of nominal value 2,75 euro and issue price … euro each. The said increase took place through the reinvestment of the interim dividend for the year 2007. The excess over par value of new shares is included in the account “Excess from the issue of shares over par (premium)”. Upon the above increase, the Bank’s share capital amounted to … euro and the total number of its shares to … of nominal value 2,75 euro each.
2.53. By decision of the above […] Extraordinary General Assembly of the shareholders dated … November 2007, the share capital was increased by the amount of … euro, by payment of cash and issue of … new shares, of nominal value 2,75 euro and issue price … euro each. The said increase took place through private placement to foreign institutional investors, foregoing pre-emption rights for existing shareholders. The excess over par value of new shares is included in the account “Excess from the issue of shares over par (premium)”. Upon the above increase, the Bank’s share capital amounted to … euro and the total number of its shares to … of nominal value 2,75 euro each.
2.54. By decision of the above […] Extraordinary General Assembly of the shareholders dated … November 2007, the share capital was increased by the amount of … euro, with the issue price at par. The said increase was formed by capitalization of an equal amount of the taxed reserves formed up to the financial year ended 31.12.2005 and issue of free new shares to the personnel. Upon the above increase, the Bank’s share capital amounted to … euro and the total number of shares to …, of nominal value 2,75 euro each”.