The meeting of Board of Directors of Alpha Bank held on March 24, 2016 elected Member of the Board of Directors of the Bank, for the remainder of its tenure, Mr. Jan Vanhevel, in replacement of Mr. Minas G. Tanes, effective as of April 21, 2016. Mr. Vanhevel has an outstanding track record in the banking industry, rising to the position of CEO and President of the Executive Committee of the KBC Group, which he served for over 40 years. His appointment to the Board adds further to its enrichment with international banking expertise, a move that Alpha Bank's Board initiated in May 2014 with the appointment of Messrs Ibrahim Dabdoub and Shahzad Shahbaz, in response to the changing landscape in Greek banking and anticipating the recent regulatory and legal trends in the Corporate Governance framework.