Eurobank ­First Ordinary Dividend

The liquidators of Eurobank have issuedthe following statement:

"Further to our Notice of IntendedDividend dated February 6, 2002, we hereby announce that paymentof the first ordinary dividend will be made on May 3, 2002.

Payments will be effected by a United StatesDollar cheque drawn on a local Cayman Islands bank and will besent via regular mail to the address on record.

A cut off date of April 24, 2002 has beenset for the resolution of all outstanding issues remaining onthose depositor claims currently in progress if they are to beprocessed for the first ordinary dividend payment.

Please note that we will be unable to guaranteepayment of those claims, which are not resolved by April 24, 2002in this dividend.

For those depositors who have not yet receivedtheir preference payment, a preference payment will also be madeon May 3, 2002.

Please note that if your claim has beensatisfied in full by a preference payment, you are not entitledto the first ordinary dividend."

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