Hellenic Bank reinvestment scheme

Hellenic Bank (HB) announced that the additional shares resulting from the dividend reinvestment scheme of the Bank will be allocated at a 12% discount on the basis of

the share’s average closing price between 10 and 14 September 2007, that is CYP 2.52 (EUR 4.32) per share. The last day of acceptance for the exercise of the dividend reinvestment right will be on 28 September 2007.