Hellenic Capital Market Commission: In Relation To The Short Selling Prohibition

The Board of Directors of the Hellenic Capital Market Commission (HCMC) decided today (Meeting 637/28.1.2013) to prohibit the short selling only in relation to shares of credit institutions admitted to trading on the Athens Exchange and comprising the FTSE/ATHEX-CSE Banking Index, for a period of three (3) months and more specifically from February 1, 2013 until April 30, 2013.

The HCMC Board of Directors has reached its decision after taking into account the ongoing process of recapitalization of credit institutions, and the recent macroeconomic developments in the country. It should be noted that, in accordance with the EU Short Selling Regulation, the relevant opinion of ESMA is expected before the implementation of the above decision.