RNS Number:5541L
Alpha Bank A.E.
27 May 2003


                                   INVITATION

                      TO THE EXTRAORDINARY GENERAL MEETING

                                OF SHAREHOLDERS



In accordance with Law 2190/1920 "On Corporate Legislation", as amended, and
Article 12 of the Bank's Articles of Incorporation, the Shareholders of Alpha
Bank are invited, on Thursday June 26, 2003, at 10 a.m., at the Athens Hilton
Hotel, 46 Vassilissis Sophias Avenue, to the Extraordinary General Meeting of
Shareholders.

                                     AGENDA

      Only subject: Approval of the amended "Staff Rules and Regulations".

All shareholders have the right to participate in the Annual General Meeting and
vote, in person or by proxy. Every share gives the right to one vote.

Shareholders who wish to attend the Annual General Meeting should, through their
operator in the Dematerialised Securities System (S.A.T.) bind whole or part of
the shares they possess in exchange for a share binding certificate, which they
should deposit by Friday June 20, 2003 in any Branch of Alpha Bank. In cases
where no operator has been appointed and the shares have been placed in the
special account, share binding certificates will be issued by the Central
Securities Depository (1 Pesmazoglou Street).

Shareholders can also deposit their share binding certificates in any bank in
Greece or the Deposit and Loans Fund and abroad in Alpha Bank Branches or in
Alpha Bank London, Alpha Bank Cyprus, Alpha Bank Romania and Alpha Bank a.d.
Skopje or any other bank and present the receipt they will be supplied with as
well as any documents of representation at the Main Branch of Alpha Bank, 40
Stadiou Street (Shareholders' Service Section, tel.: 210 326 5810) by June 20,
2003.

                              Athens May 27, 2003

                             The Board of Directors


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