Announcement Sale of own (treasury) shares through the Athens Stock Exchange

On 22.2.2007 the Board of Directors of EFG Eurobank Ergasias S.A. decided the sale of all own (treasury) shares held by the Bank as of today, which were acquired in accordance to article 16 par. 5 of Law 2190/1920. Specifically, the Bank will sell up to 7,451,005 ordinary treasury shares at a minimum price of 25.00 per share in the period from 23.2.2007 to 28.2.2007.

The sale will be performed by an accelerated book -building process to institutional investors. Citigroup, Deutsche Bank AG, London Branch, JPMorgan and EFG Eurobank Securities and will act as managers on this transaction.

Athens, 22 February 2007

EFG Eurobank Ergasias S.A.