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ALPHA BANK
Share Capital Increase by ALPHA BANK Following Exercise of Stock Options by the Bank's Managerial Staff

December 1, 2006 Alpha Bank’s Board of Directors, on 1 December 2006, approved a share capital increase of Euro 1,314,105.00, by issuing 336,950 common shares of nominal value and exercise price Euro 3.90 each, following the exercise of stock options by the Bank's managerial staff, as provided for by the stock options scheme at the General Shareholder Meetings of 11.4.2000 and 9.4.2001.

As a result, the share capital of the Bank will amount to Euro 1,591,285,807.80 divided into 408,022,002 shares of Euro 3.90 each.

The date as of which the new shares will be traded will be specified by further announcement.




     




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