DECISIONS OF THE GENERAL MEETING

On 20/05/2008, Tuesday and at 17:00 p.m., the Ordinary General Shareholders’ Meeting of “GR. SARANTIS S.A.” took place at the company’s registered offices. During the General Meeting, shareholders representing 50,4% (19.333.116 out of 38.350.940 shares) of the company’s shares with voting right were present, and thus the company had the required by the law quorum and majority to make decisions on all the daily agenda issues, apart from the 6^th issue (amendment of the stock option plan). Therefore, the discussion and decision making on the aforementioned issue was postponed and will take place during a Repeated General Shareholders Meeting at the same place on Monday, 2^nd June 2008 at 16:00 without the publication of further invitation according to the Company’s BoD decision as at 23/04/2008.

Specifically, the above Meeting:

1. Approved the Annual Company and Consolidated Financial Statements for the fiscal year 01/01/2007 - 31/12/2007, including the relevant notes, as well as the Management (Board of Directors) Report and Auditors Reports, as these were published in the Press on 11/03/2008 and are included in the Annual Report 2007 issued by the Company.
2. Approved the distribution of the Earnings Table, according to which a dividend of €0.17 per share will be distributed to the beneficiary shareholders. Such beneficiary shareholders are those included in the Company’s shareholder registry as at the end of the Athens Exchange session on 28/05/2008. From 29/05/2008 the shares will be traded on the Athens Exchange without a right to dividend, while the dividend payment will commence on 06/06/2008.
3. Recognized that the Board of Directors and the Certified Auditors have no responsibility, regarding any kind of compensation, for their actions during the financial year 01/01/2007 - 31/12/2007.
4. Elected the Auditing Firm BAKER TILLY HELLAS SA, for the audit of financial statements for the current year (01/01/2008 - 31/12/2008) and also approved the auditing company’s fee.
5. Approved the extension of employment contracts as well as the remuneration of the Company’s Managing Director and Board of Directors’ Members, for the financial year 2007.
6. Pre-approved the remuneration of the Company’s Managing Director and Board of Directors’ Members for the current year 2008 and until 30/06/2009.
7. Approved the resolution for the harmonization of the Bank’s Articles of Incorporation with the new provisions of law 2190/1920, by amendment, revocation and/or renumbering of the articles, as well as revocation and renumbering of the paragraphs thereof and codification into a complete document
8. The Meeting unanimously approved the election of a new BoD, composed of the same members as the previous one, as the service of the existing BoD expires in November 2008.