EGM Invitation

In accordance with the codified law 2190/1920 “re: Societies Anonymes”, as in force and the Articles of Association of the Bank, the Board of Directors invites the shareholders of EFG Eurobank Ergasias S.A. to an Extraordinary General Meeting, on Thursday, September 11th 2003, at 2 p.m. in Athens at the hotel “Grande Bretagne”, Syntagma Square.

EFG EUROBANK ERGASIAS S.A. Extraordinary General Meeting of the Shareholders Thursday, September 11th 2003 2 p.m.
INVITATION
In accordance with the codified law 2190/1920 “re: Societies Anonymes”, as in force and the Articles of Association of the Bank, the Board of Directors invites the shareholders of EFG Eurobank Ergasias S.A. to an Extraordinary General Meeting, on Thursday, September 11th 2003, at 2 p.m. in Athens at the hotel “Grande Bretagne”, Syntagma Square. The items on the Agenda are as follows: 1. Merger of EFG Eurobank Ergasias S.A. with the company "INVESTMENT DEVELOPMENT FUND S.A." by absorption of the latter by the first and approval of the Draft Merger Agreement. Increase of the share capital by € 23,870,436.24 as a result of the merger. Obligatory cancellation of 448,500 shares of the Bank which come to its possession due to the merger and simultaneous cancellation of 2,088,749 own shares in order to avoid the increase of the number of shares of the Bank, with respective decrease of the share capital. Capitalisation of an amount of € 2,335,266.47 for reasons of rounding. Modification of the nominal value of the share. Following the above, the share capital of the Bank will amount to € 927,925,110.75 and will be divided into 314,550,885 registered voting shares, of a nominal value of € 2.95. 2. Amendment of article 5 of the Articles of Association, as a result of the above modifications of the share capital and the nominal value of the share. 3. Acquisition by the Bank of own shares in accordance with article 16 par. 5 of the codified law 2190/1920. Update on the number of own shares, which have been acquired to date. All shareholders of the Bank have the right to attend this meeting either in person or by proxy. Each share gives right to one vote. To participate in the General Meeting, shareholders must block the total or part of their shares – through their Operator in the Dematerialised Securities System (D.S.S.) or (if the shares are situated in the Special Account of D.S.S.) through the Central Security Depositor S.A. – and deposit to the Bank (Shareholders’ Department, Santaroza 5, Athens tel: +30-210-3357158, +30-210-3357159) the relevant Certificate of Blocking of Shares at least five (5) days before the day of the meeting. Within the same deadline the representation documents must also be deposited to the Bank. Athens, August 14th 2003 THE PRESIDENT OF THE BOARD OF DIRECTORS
Xenophon K. Nickitas