Proton Bank S.A. hereby announces that by virtue of the decision of its Second Iterative General Meeting of Shareholders of 23.5.2011, of its Annual General Meeting of 28.4.2011, proceeded to the issue of a Convertible Bond Loan (Lower Tier II) with a waiver of pre-emption rights of existing shareholders, of the amount of 47,500,000 Euros, of ten year maturity with Issue Date 28.9.2011. The Convertible Bond Loan were distributed at the Date of Issue, by way of private placement, to the four banks National Bank of Greece, Eurobank, Alpha and Piraeus.

The Bank proceeded to the issue of the Convertible Bond Loan, in order to strengthen its Lower Tier II capital. This Announcement constitutes regulatory information as per Laws 3340/2005 and 3556/2007