Alpha Bank, reflecting the preference of its clients for fixed housing loan interest rates and in order to protect them from the market's fluctuations, reduces its 3 and 5 year fixed interest rates to 6.10% and 6.30% respectively. The new floating rate is set at 5.60%. Details of the interest rates for housing and consumer loans, valid as from Monday October 14, 2002 are as follows:

Α. HOUSING LOANS (*)

1. Alpha Housing Loans
- with a fixed interest rate for the first year 3.90%
- with fluctuating interest rate from 5.25% to 5.60%
- with a fixed interest rate for three years from 6.50% to 6.10%
- with a fixed interest rate for five years from 6.50% to 6.30%
- with a fixed interest rate for ten years 6.75%
- with a fixed interest rate for fifteen years 6.75%

2. Alpha Repair Housing Loans with mortgage prenotation
- with fluctuating interest rate from 7.25% to 7.60%
- with a fixed interest rate for three years from 8.50% to 8.10%
- with a fixed interest rate for five years from 8.50% to 8.30%
- with a fixed interest rate for ten years 8.75%

Alpha Repair Housing Loans without mortgage prenotation
- with fluctuating interest rate from 8.75% to 9.10%
- with a fixed interest rate for three years from 10.00% to 9.60%
- with a fixed interest rate for five years from 10.00% to 9.80%
- with a fixed interest rate for ten years 10.25%

Β. CONSUMER LOANS (*)

- Alpha 702 (personal loan) from 10.50% to 11.50%

- Loans for the payment of fiscal and insurance obligations
- partially or not guaranteed A' class collateral from 10.50% to 11.50%

(*) Plus the contribution of Law 128/75.