Transfer of Shares of Piraeus Bank to Europrofit Pending

Europrofit Capital Investors Ltd. announced that as approval was not given by the Central Bank of Cyprus for acquisition by the company 19.88% of Euroinvestment & Finance Ltd., the Secretary of E & F informed the company that it has proceeded with the registration of 1.200.000 shares in its records transferred from N.K. Shacolas (Holdings) Ltd. equalling 6.66% of the share capital of E&F but it is not possible to transfer 2.380.000 shares from Piraeus Bank which equals 13.22% without the approval of the Central bank.

Europrofit Capital Investors are in consultation with Piraeus Bank in order to resolve the matter.