New Schroders Multimanager Funds: An integrated investment solution.

Athens, November 11, 2006

Citibank presents Schroders Multimanager Funds, the only mutual funds that consist of an integrated investment solution. The reason is that they offer private investors access to Alternative Investments, for the first time, while at the same time investing in all traditional investment categories, obtaining thus wider asset allocation. All of the above are combined in 1 product that is available in 4 different portfolio types, so that investors can choose the investment solution that meets best their specific needs.

Alternative Investments, to which private investors did not have access until now, include the following categories:

• Commodities
• Hedge funds
• Private Equity
• Commercial Property

The capital is invested in the above-mentioned categories, as well as in the traditional investment categories of Equities, Bonds, Cash and Time Deposit products. The asset allocation of Schroders Multimanager Funds offers the potential of higher performance as well as balance of risk/return. In addition, they are actively managed by Schroders specialists in order provide stable long-term return.

According to Ms. Christina Lambropoulou, Director of Investment Products, Citibank, “With Schroders’ MultiManager Funds our clients will be able to gain even more access to the top fund managers in the world whilst obtaining a total investment solution in one package. Schroders’ portfolios are highly diversified so investors may benefit from the best opportunities across markets. Also, diversifying your investments can help lower risk. Furthermore, among the 8 fund houses Citibank works with in Greece, Schroders has a proven record with innovative products that help meet our client needs and are popular among our clients.”

Mr. William Wells, Relationship Manager, Schroders Ιnvestments Mangement Limited, mentions regarding the cooperation of the two companies: “This exclusive deal further deepens the relationship between Citigroup and Schroders. Together we are now opening up a whole range of new opportunities for European retail investors – including alternative investments, which have traditionally been difficult for private investors to access.”