New cooperation between Citibank and Inditex in Greece.

Athens, November 29, 2006

Citibank announces a new cooperation agreement with Inditex Group for the issuance of a new Visa credit card. The agreement was signed by Mr. Chris Vassiliades, Country Business Manager Citibank Consumer Group Greece and Division Executive for Middle East and Africa, Citibank Consumer Group and Mr. Costas Antimissaris, Business Manager Inditex Greece, with the presence of Inditex Spain representative, Mr. Jose Manuel Romay. Mr. Romay, who traveled from Spain especially for the purpose of signing of the agreement, stressed the importance of the new cooperation for the Inditex group.

The new Visa credit card will combine all the characteristics of Citibank’s cards with a very attractive Rewards Programme, which will offer unique advantages for purchases in Inditex group’s shops in Greece. The new card is expected to be issued in the beginning of 2007.

Inditex’ group in Greece has 98 shops under the brand names of ZARA, ZARA HOME, PULL & BEAR, BERSHKA, MASSIMO DUTTI, STRADIVARIUS, OYSHO and SKΗUABAN.

Mr. Chris Vassiliades stated, “We are at a dynamic start of another cooperation in the cards market with Inditex, a giant international company with a leading position in its sector. We believe that the new credit card will be useful to consumers  when shopping, while rewarding them for their choice in Inditex with additional advantages.”