The Eurobank EFG Holding’s tender offer for the outside shares of DZI Bank, counseled by DT&T, successfully ended

February 14, 2007

With the Eurobank EFG’s acquisition of DZI Bank commenced the formation of a new mega Bulgarian bank.

In accordance with the acquisition agreement of September 2006 for the controlling stake in DZI Bank, a public company listed on the Bulgarian Stock Exchange, in December Eurobank EFG Holding, a Luxembourg joint-stock company and a subsidiary of EFG Eurobank Ergasias S.A, Greece, acquired control and further succeeding in purchasing more than 90% of the voting shares of DZI Bank. As required by the applicable Bulgarian laws and regulations, the Eurobank EFG Holding filed at the Bulgarian Financial Supervision Commission a tender offer addressed to the remaining shareholders of DZI Bank to purchase their shares. The tender offer was approved by the FSC in the beginning of January 2007.

Since EFG Eurobank Ergasias S.A., the parent company of the tender offerer, controls another bank in Bulgaria, namely Postbank AD, a merger is likely to occur in 2007 between DZI Bank and Postbank AD. Such merger would allow the creation of a stronger bank for the Bulgarian market, which would be in a better position to compete with the larger banks in the market, achieving economies of scale in offering state of the art financial services to Bulgarian businesses and citizens.

Established in 1994, DZI Bank is a leader in the mid-sized and small banks group in Bulgaria; it has 131 branches and 43 offices in the country. Among Bulgarian banks DZI Bank is in the top 10 in terms of furnishing residential mortgage loans and maintains stable position in the sphere of corporate and retail banking and card operations.