Корпоративное действие CONVERSION OF GREEK SECURITIES

We have been advised by euroclear on below

Information source: citibank, athens

Based on paragraph 6 of the ministerial decision 2/20964/0023a (gg 682/9.3.2012), greek individual bondholders can convert their Taxable gr securities to non-taxable gr securities (’ type b’).

The market deadline for the processing of the conversion: 23/03 /2012

The non-taxable gr securities (’type b’) must be held on Segregated accounts at the dematerialized securities system ( Dss) of the hellenic exchanges (helex).

Euroclear bank does not maintain segregated accounts at the dss , And as such cannot facilitate this conversion. Greek individual Bondholders holding their taxable gr securities in custody with Euroclear bank, must transfer the taxable gr securities so that They are held by the same custodian which will maintain their Necessary segregated accounts at the dss, in order to convert Them to non-taxable gr securities

We are not in a position to provide further advice on the Conversion process. Greek individual bondholders should contact Their own financial, tax and legal advisors, as well as their Custodian which will maintain their segregated accounts at the Dss to determine the process to follow in order to convert the Taxable gr securities to non-taxable gr securities (’type b’).

Non-greek individual bondholders, not usually taxed, may also Convert their gr securities into ’type b’ gr securities held in Segregated accounts at the dss should they wish to do so. Non-greek individual bondholders should contact their own tax and Legal advisors, as well as their custodian to determine the Process to follow.

There’s no further documentation is available.

No actions to be taken through euroclear bank