Pursuant to the Decision No. 3/347/12.07.2005 of the Board of Directors of the Hellenic Capital Market Commission, "EMPORIKI BANK OF GREECE S.A." announces that, on the basis of the contract dated 2007 between the companies "EMPORIKI BANK OF GREECE S.A.", "CREDIT AGRICOLE S.A." and "GROUPAMA INTERNATIONAL" regarding the transfer of "GROUPAMA PHOENIX S.A." shares (formerly "PHOENIX METROLIFE EMPORIKI S.A.") from the first two above-mentioned to the third company, a return of EURO 14 million to "GROUPAMA S.A." (formerly "GROUPAMA INTERNATIONAL") has been agreed between the parties by way of price reduction, thereby releasing Emporiki Bank from all its obligations as seller of the shares. This amount is fully covered by relevant provision in the financial reports of Emporiki Bank.