With reference to the announcements by Eurobank and the HFSF dated 14
November 2013 regarding the initiation of the process for Eurobank to raise
approximately €2 billion through a capital increase, the transaction timetable will be adjusted to allow for the finalization of the assessment of forward looking capital needs of the Greek banking sector and the new recapitalization framework.
Eurobank and the HFSF appreciate the strong investor interest in the process. The
HFSF supports Eurobank’s commitment to access the markets to further strengthen
the bank’s capital as soon as practicable. Eurobank expects its capital position at
December 31st 2013 to be above the minimum regulatory thresholds.
Lazard Freres is acting as financial adviser to the HFSF. Barclays Bank PLC, acting
through its investment bank, Deutsche Bank, AG London Branch, and J.P.Morgan are
acting as global coordinators for the transaction.