National Bank of Greece : Announcement

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Following previous announcement with regards to the increase in the paid-in capital of Finansbank ("SCI"), with waiver of pre-emption rights of existing shareholders, by means of a public offering of newly-issued shares, to be listed on the Istanbul Stock Exchange, National Bank of Greece ("NBG") announces that it will additionally proceed with:

1. A secondary offering of existing shares in Finansbank, currently held by NBG, of a nominal value of TL 80,000,000, corresponding to approximately 2.25% of the paid-in capital of Finansbank post SCI.
2. The granting by NBG of an overallotment option.
   
   In any case, the total stake that will be offered through the SCI, the secondary offering and the overallotment option will not exceed 26.9% of the share capital; therefore NBG will retain majority and control of Finansbank.
   
   As already announced, based on the restructuring plan approved by the European Commission Directorate General for Competition, NBG is required to reduce its shareholding in Finansbank so that its share ownership represents no more than 60% by the end of 2015.
   
   The above are subject to the approval of the relevant regulatory authorities.
   
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