MARFIN EGNATIA BANK S.A. - Irish Stock Exchange

(b)
if the Issuer satisfies the Trustee immediately before the giving of
such notice that on the occasion of the next date for payment of
interest on the relevant Covered Bonds, that the Issuer is or would
be required to pay additional amounts as provided or referred to
in Condition 10.1 (Gross up),
provided, however, that the Issuer has sufficient funds to discharge any
amounts due in priority to the Covered Bondholders in the relevant
Payments Priorities.
Redemption at Option of
the Issuer:
Redemption at Option of
the Covered Bondholders:
Events of Default:
The Final Terms may specify that there is an "Issuer Call" in relation to a
Series of Covered Bonds. In which case on any Optional Redemption
Date the Issuer may redeem some or all of the outstanding Covered Bonds
of that Series at the Optional Redemption Amount(s) together with
interest accrued thereon, provided that the Issuer has sufficient funds to
discharge any amounts due in priority to the Covered Bondholders in the
relevant Payments Priorities.
The Final Terms may specify that there is an "Investor Put" in relation to a
Series of Covered Bonds. In which case a Covered Bondholder may give
an irrevocable put notice to the Issuer not less than 30 nor more than 60
days' prior to the Optional Redemption Date (or such other period
specified in the applicable Final Terms). The Issuer will then redeem such
Covered Bonds on the Optional Redemption Date at the relevant Optional
Redemption Amount together with accrued interest thereon, provided that
the Issuer has sufficient funds to discharge any amounts due in priority to
the Covered Bondholders in the relevant Payments Priorities.
It will be an Event of Default (an "Event of Default") in respect of the
Covered Bonds if:
(a)
(b)
there is a failure to pay any amount of principal or interest in
respect of the Covered Bonds within seven days of the due date
for payment of such; or
following the occurrence of an Issuer Insolvency Event, the
Trustee is notified by, or on behalf of, the Servicer of the
occurrence of a Cover Event.
If an Event of Default occurs and is continuing, the Trustee may, or may
be required to, deliver a Notice of Default which will cause the Covered
Bonds of each Series to become immediately due and payable.
Ratings:
Listing:
Each Series issued under the Programme will be assigned a rating by each
of the Rating Agencies.
Application has been made to the Irish Stock Exchange for the Covered
Bonds issued under the Programme described in this Base Prospectus
during the period of twelve months after the date hereof to be admitted to
the Official List and trading on its regulated market.
However, the Issuer and each relevant Dealer may agree to make an
application to list Series on any other stock exchange as specified in the
relevant Final Terms. Any Series may also be issued on an unlisted basis.
Clearing Systems:
Selling Restrictions:
Euroclear and/or Clearstream, Luxembourg and/or, in relation to any
Series of Covered Bonds, any other clearing system as may be specified in
the relevant Final Terms.
There are restrictions on the offer, sale and transfer of the Covered Bonds
in the United States and the European Economic Area (including the
United Kingdom and the Hellenic Republic). Other restrictions may apply
- 9 -