RNS Number:5007S
Alpha Bank A.E.
26 November 2003

Alpha Bank announces that on November 24 2003, the resolution of the Ministry of
Development concerning the approval of the merger by absorption of Alpha
Romanian Holdings Company A.E. by Alpha Bank, was recorded in the Registry of
Societes Anonymes.

Alpha Romanian Holdings Company is a 100% subsidiary of Alpha Bank, thus  the
increase of the Bank's share capital and the issue of new shares are not
required for the completion of the above merger.


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

MSCQQLBLXFBEFBB