· 2008 earnings guidance of euro 500-euro 600m

· Distortions on current regulatory framework in Cyprus

During his speech on the Group's AGM that took place on 15/05/08 in Nikosia, Andreas Vgenopoulos, MPB's Executive Vice Chairman, made the following statement:

Currently we have a constructive dialogue with the Cyprus regulatory authorities, and we take the view that some pending issues will be resolved thus affecting positively our profitability>>.

An update on the above will be provided upon the release of the first quarter 2008 results on the 29th of May.