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Announcement 02/11/2015

With regard to articles in  the press referring to a supposed insolvency of Attica Bank which allegedly places the Bank under a resolution status and leads to its split into a ‘good’ and a ‘bad’ bank, Attica Bank informs the public that such articles are entirely untrue and misleading.
Attica Bank will successfully go ahead with the process of its recapitalisation with the support of its main shareholder, ΕΤΑΑ/TSMEDE, which will continue to hold a package of shares and with the possible participation of new private investors, with whom the Bank is currently discussing.
However, if in the end, a part of the share capital increase remains to be covered, according to the recent law on the recapitalization of the Greek banks, the Bank will be entitled along with the other banks to request the participation of the Hellenic Financial Stability Fund (HFSF).

Attica Bank S.A.

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