EFG Eurobank Ergasias S.A. announces that, because of its strong capital and liquidity position and following the consent of the Bank of Greece, it will proceed, in accordance with the terms and conditions of the issue, to the early redemption on 30 June 2009 of the euro 400m Subordinated Floating Rate Notes (Lower Tier II) issued by EFG Hellas PLC, its UK-based subsidiary, on 30 June 2004 under its Programme for the Issuance of Debt Instruments (EMTN).