Hellenic Bank stake in Athena at 77.8%

Hellenic Bank Pcl (HB) announced that the rate of acceptance of the Public Offer to the shareholders of Athena Cyprus Pcl (ATH) reached 28.68%. This does not include the issue of 5,788,027 shares from the dividend reinvestment of ATH carried out on 25 June 2007. Following the dividend reinvestment the rate of acceptance of the Public Offer stands at 27.15%.

Following the above acquisition, HB has a participation of 77.8% in the share capital of ATH and will be treated as a subsidiary company instead of an associate.