1. 1 Eurobank EFG Cyprus Ltd June 2009 Existing Legislation of Banking Secrecy in Cyprus

2. 2 Two-tired system –Banks –Co-Operative Credit Institutions 17 institutions incorporated in Cyprus 27 branches of foreign banks 25 banks service international business clients Intense competition Total Deposits of banking system as at 31/12/2008 – EUR 56 billion

3. 3 Experience in serving International Business Companies by banks for more than 20 years Continuous investment in technology by banks, especially in the last 5 years to improve products and quality of service Complete array of banking products and services Competition from other jurisdictions is fierce but the infrastructure in Cyprus allows it to act as a one stop shop for international business companies

4. 4 Cyprus has managed to tread the fine line between being an attractive tax jurisdiction for depositors, while complying with international rules designed to clamp down on tax havens. It is one of the jurisdictions that have substantially implemented the international agreed tax standard according to the OECD as per progress report made as at 2 nd April 2009. Cyprus is emerging stronger from the current financial crisis as opposed to competing financial centers that are experiencing significant problems. The Central Bank of Cyprus is a strong and proactive regulator has been successfully regulating and supervising the banking sector.

5. 5 OECD Model Agreement Art 26 of OECDs Model Agreement Bank Account inquires and investigations Double Taxation Agreement provisions Fishing Expeditions – Not allowed Specific Requirements for administrative assistance Written consent of the Attorney- General of Cyprus

6. 6 Presence in 10 countries Net Profit 652 million (FY 2008) 24,000 employees Total Assets 82.2 billion (FY 2008) 210,000 shareholders1,700 branches & points of sale Ratings: BBB+ /A-2 from S&P and A1/C/P-1 from Moodys Eurobank EFG Cyprus Ltd is 100% owned by EFG Eurobank Ergasias S.A.

7. 7 129 502 332 146 312 231 March 09 Network 43 3

8. 8 Operations Eurobank EFG Cyprus Limited has positioned itself in the Cyprus Banking Market as a boutique operation focusing on the following market segments: o International Business Banking o Private Banking and Asset Management o Corporate & Investment Banking Strengths Quality of Service: Personal, proactive and flexible service, committed to clients interests and distinguished by trust and strict discretion Breadth of customised solutions: Innovative products and services that fulfil customer needs Competitive Pricing High Calibre Professionals with vast knowledge and extensive banking experience

9. 9 International Business Units Target Clientele: o Overseas listed companies o Trading companies o International Trusts o Cyprus companies with foreign shareholders o SPVs for specific transactions o Directors, shareholders and beneficial owners of international business companies Opening of bank accounts for companies registered in Cyprus and reputable foreign jurisdictions Know Your Customer requirements according to Central Bank of Cyprus regulations and Group Standards

10. 10 Services offered Full range of banking services to international business companies, their directors and beneficial shareholders: o Deposit Accounts Current and fixed deposit accounts in all major currencies Notice Accounts Cash Management Services o Fund Transfers SWIFT Bank Drafts o Trade finance facilities Letters of credit Bills for collection Letters of guarantee Documentary Credits o E-Banking o Credit facilities o Treasury products o Credit cards in EUR

11. 11 High net worth individuals (residents and non-residents) Institutional Investors in cooperation with EFG Eurobank Asset Management Product Strategy Target Clientele Provide both banking and Investment products Strategically diversified portfolio of top-rated products and services Efficiency in provision of tailor made solutions Flexibility in the development of in-house products Open architecture of investment products

12. 12 Selecting the level of Decision making Classic Services Premium Advisory Services Discretionary Asset Management Our modular approach gives the clients the flexibility to allocate their assets to all three types of investment services for different parts of their portfolio Local and international stock markets, government and corporate bonds International mutual funds (equity, bond, mixed) and hedge funds Alternative investment products Structured products (with or without capital guarantee) Currency products Derivatives Investment Products

13. 13 Corporate Banking Target Clientele: o Publicly listed companies o Utility companies o Large and medium sized corporations o Cyprus companies with foreign operations o Foreign companies with operations or holding companies in Cyprus Specialisation in development and support of large organisations by offering tailor made solutions to their business requirements Focus on Relationship Banking in order to add value to the services we offer to our corporate clients Exploiting the comparative advantage and synergies offered with EFG Groups presence in New Europe in coordinated efforts with the rest of the Group Units to attract business from abroad

14. 14 Contact Details Stephanos Kassianides – Senior Manager International Business Banking Tel: +357-22208005 (office) +357-99530012 (mobile) skassianides@eurobank.com.cy Andreas Pitsillos – Manager Nicosia Business Centre 1 Tel: +357-22208030 (office) +357-99694978 (mobile) apitsillos@eurobank.com.cy Koullis Hadjigavriel – Manager Nicosia Business Centre 2 Tel: +357-22208201 (office) +357-99357058 (mobile) khadjigavriel@eurobank.com.cy Demetris Eliades – Senior Officer - International Business Banking Tel: +357-22208031 (office) +357-99311976 (mobile) deliades@eurobank.com.cy Michalis Aristidou – Officer - International Business Banking Tel: +357-22208038 (office) +357-99441366 (mobile) maristidou@eurobank.com.cy