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General Bank of Greece: EUR180 million Capital Share Increase

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General Bank of Greece share capital increase up to 180 million euros with the issuance of preferred shares is one of the subjects to be discussed at the Extraordinary General Meeting (EGM) of the Bank, to be held on Thursday, January 19 2009.

According to the Athens Stock Exchange pressse release, the subjects on the EGMs agenda are the following:

1. Share capital increase up to 180 million euros with the issuance of preferred shares and cancellation of the preemptive right of existing shareholders in favor of the Greek State in accordance with the provisions of Law 3723/2008 "on the enhancement of the economys liquidity in response to the impact of the international financial crisis", of Banks Articles of association and articles 13 and 13a of the codified Law 2190/1920, as valid, and granting relevant authorizations to the Board of Directors. Modification of article 5 of the Banks Articles of Incorporation.

2. Election of the Greek State through its representative , as a new member of the Board of Directors in accordance with Law 3723/2008 and conditional upon the participation of the Greek State in the share capital of the Bank.
 
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