GRIVALIA PROPERTIES R.E.I.C.

Distribution of Dividend for the FY 2007

Eurobank Properties REIC announces to its shareholders in accordance with the decision of the Annual General Meeting of Eurobank Properties REIC on March 13th 2008, the distribution of dividend for 2007 of 0.48 euro per share. Due to the distribution of interim dividend for the year 2007 of 0.32 euro, in accordance with the decision of the Company's Board of Directors, dated October 18, 2007, the remaining dividend to be distributed to the shareholders amounts to 0.16 euro per share.

Entitled to the dividend are the shareholders of the Company after the close of business of the Athens Exchange on March 17, 2008. As a result, from Tuesday March 18th, 2008, the share will be traded on the Athens Exchange without the right to dividend for the financial year 2007.

Dividend payment will commence on Thursday March 27, 2008, through the payment Bank, EFG Eurobank Ergasias S.A., in accordance with article 329 of the Athens Exchange Regulation and article 39 of the Electronic (Dematerialised) Securities System (DSS) Regulation, as follows:

(i) Through the operators of securities accounts held in the DSS for the shareholders who have authorised their operators to collect their dividends.

(ii) Through the branch network of EFG Eurobank Ergasias S.A. for the shareholders who have not authorized their operator for the collection of dividends (or have revoked the above mentioned authorisation, or for whom the collection of dividend by their operator was not possible, or whose shares are kept in the special account of Hellenic Exchanges SA [HELEX]). Shareholders may collect their dividends from any branch of EFG Eurobank Ergasias S.A. upon presentation of their Identity Card.

Dividend not collected within five (5) years is prescribed to the Hellenic Public Sector.