Capital protection coupled with regular income - common sense investing.

Athens, September 26, 2005.

Citibank, in cooperation with Schroders*, offers until the 21st October, a new five-year investment opportunity with protection of capital at the maturity of the investment, and potential maximum annual coupon up to 10,50% for US Dollars and 5,85% for Euros!

During the past years, the Equity Markets have offered quite significant returns. However, today’s environment of market volatility as well as the uncertainty on whether this upward trend of the markets will continue makes investors feel insecure, thus many of them prefer to maintain their money in cash products, while potential opportunities on higher returns are lost. The Structured Fund Schroder ISF Euro Equity Secure 2010 may be the appropriate solution to the investment needs of those who wish to participate in the relative market but feel uncomfortable due to its volatility!

This new product is actually a special type of mutual fund, which offers 100% capital protection at the maturity of the investment, and at the same time, the client can participate in the leading European Dow Jones Euro Stoxx 50 Price Index, with the opportunity of annual coupons not only in upward but also in downward markets provided the index stays within a specified annual range of +/- 15%.

This proposition to Greek investors is considered financially accessible, as the minimum amount required is only 3.000 Euros or US Dollars. Finally, the fact that the Mutual Fund Schroder ISF Euro Equity Secure 2010 is managed by an investment team with great experience, expertise and a history of more than 80 structured products in the past 4 years, reinforces the credibility of the product.

According to Mr. Thanos Sofios, Citibank Wealth Management Head, “We are very pleased that a new product family has been added to the wide range of investment products that we already offer to our clients. The Structured Funds incorporate all advantages of Structured Notes coupled with the benefits of Mutual Funds. We believe that this new product addresses all the needs that an investor has, which our experience over the years suggests are; 100% capital protection, regular income, potential higher returns than deposits, and risk averse while linked to the equity markets. We believe that this is indeed a suitable solution to those investment needs”.

* Schroders is the only independent Fund Manager able to design structured products in Greece.