On 25 June 2007, the Board of Directors of EFG Eurobank Ergasias S.A. appointed Mr Spyros Lorentziadis as independent non executive Director. Mr Lorentziadis replaces Panayiotis Lambropoulos who recently passed away, for the remaining term of office of the latter.

Mr Spyros Lorentziadis, 61 years old, graduate of the Political & Economics Department of the Law School of the University of Athens, is a Greek Certified Auditor and served as a Member of the Technical Council of the Institute of Certified Auditors (2000-2005). He started his professional career with Arthur Andersen and became a partner of the Worldwide Organization in 1983. In 1986 he became the Audit Division Head of Andersen's practice in Cairo, Egypt. In 1991 he returned to Athens and in 1998 took over as Chairman & Chief Executive Officer of Andersen, Greece. In 2002 he joined, as a Consultant, the Southeastern European Practice of Ernst & Young. In early 2005 he was appointed Executive Management Advisor on matters of Corporate Governance and Financial Reporting to Emporiki Bank, and later on became a member of the Board of Directors and Chairman of the Audit Committee of Emporiki Bank and of its subsidiaries in the Balkans. He is a member of the Audit Committee of the Athens International Airport/ Eleftherios Venizelos and also a member of the Board of several Non-Profit Organisations which promote the Concept of Voluntary Work and of Gifts and Contributions in Greece. The appointment will be submitted for ratification at the forthcoming General Shareholders Meeting.-