RNS Number:2465M
Alpha Bank A.E.
12 June 2003

Alpha Bank announces the agreement with Elliniki Technodomiki T.E.B. S.A. for
the transfer of the Bank's total holding of 12.82% in the Company "Urban
Developments S.A.".


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

HOLBBGDLXDBGGXD