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HB: Period and procedure of conversion of HBCCS convertible capital securities

Hellenic Bank Public Company Ltd, within the framework of its obligations as these stem from the provisions of the Prospectus of the Non-Cumulative Convertible Capital Securities dated September 17, 2010 and the Supplementary Prospectus dated December 8, 2010 in relation to the optional conversion of the above capital securities in shares, announces the following:

a) Conversion period: Pursuant to the issue terms of the capital securities, their holders may exercise the right to convert them in ordinary shares on March 15-31, June 15-30, September 15-30 and December 15-31 of each year with the First Period of Conversion on December 15-31, 2012 and the last on December 15-31, 2020. If the last date of the period of conversion is not a business day, then the period of conversion is deemed to end on the last business day prior to this.

b) Next period of Conversion: Pursuant to the terms of the Prospectus, the next period of conversion is as follows: From September 15, 2013 to September 30, 2013.

c) Conversion price: Pursuant to the issue terms of the Prospectus dated September 17, 2010, the conversion price, in case that the holders chooses to convert his/her capital securities in shares, will be determined on the basis of the mid closing price of the share in the CSE at the closing of the five last trading days prior to the period of conversion minus 20% with €0.95* as a minimum conversion price.

The Conversion Price will be announced to the CSE and the SEC on September 13, 2013 after the end of the CSE session.

*: In case that before the next period of conversion or during the period of conversion any event from those described in the Prospectus (Part II A.7 .c)occurs changing the current minimum conversion price and/or the current conversion price, the Bank will release an announcement to the CSE and the SEC.

d) Conversion procedure: The Capital Security holders may exercise their right to convert their capital securities in shares with the submission of a competed declaration form during weekdays of the First Period of Conversion from 8.00 am to 14.00 to:

- Any branch of the bank in Cyprus, and
- The Shares & Bonds Department of the Group.

The declaration form is available at:

- The bank’s website (www.hellenicbank.com, Investors’ Relations, Prospectuses, Prospectus of Non-Cumulative Convertible Capital Securities).
- The Shares & Bonds Department of the Group, tel. 22500649 and 22500650, and
- Any branch of the bank in Cyprus

Based on the terms, each capital security will give its holder the right to convert it in ordinary shares with a voting right. In case of fractional balances, for fractional balances below 4 (included) no share will be granted, while for fractional balances above 5 (included), an additional share will be granted.

Pursuant to the terms, the submission of the Declaration by the holder makes the application for the conversion of capital securities in shares irrevocable.

At the same time with the submission of the Declaration, the holder in consultation with the operator must proceed with "commitment for conversion" of the securities he/she wishes to convert and to announce to the Shares & Bonds Services (email: [email protected], tel. 22 500 649 and 22 500 650) the number of the securities to be committed.

The Non-Cumulative Convertible Capital Securities that will be converted must already be cleared and registered in the name of the holder and free from any charges.

For further clarifications please contact the Shares & Bonds Service of the bank, tel. 22 500 649 and 22 500 650.
Tuesday, 13 August, 2013 - 08:33