HB: EGM on 30/5 for issue of shares

At the meeting held on March 26, 2007, the Board of Directors of Hellenic Bank Public Company Ltd decided to propose to the Extraordinary General Meeting to take place on May 30, 2007, a special resolution, which will authorize the Board of Directors to issue up to 20 million new shares of Hellenic Bank for the period of twelve months, with a maximum discount of 10% on the market value of the share.
The decision is related to the strategic intention for the strengthening of the Group via acquisitions, strategic alliances and other moves and aims to provide flexibility to the Board of Directors in order to take advantage of the opportunities that may emerge.