Further to a new question posed by the Hellenic Capital Market Commission regarding the report in the daily newspaper Kathimerini on 08.10.2013 and with a view to keeping investors fully informed, NBG discloses the following:

As stated in an announcement today by the Bank, the process of reaching agreement on the transfer of a stake in subsidiary NBG Pangaea REIC to a prospective foreign investor is still ongoing, and has yet to be completed.

In particular, the Bank discloses that it is seriously examining the preparation of an agreement with prospective investor Invel Real Estate (Netherlands) II BV, a private equity firm based in the Netherlands, whose purpose is to carry out investments in real estate in Europe.

The basic terms of the negotiations involve the transfer of a majority stake in NBG Pangaea REIC to the prospective investor for a consideration to be agreed, while control of the company will remain with NBG.

For the time being, the Bank has initiated the process of informing the competent supervisory authorities and bodies (specifically, the DGComp of the European Commission, the Hellenic CMC, the HFSF) on the terms of the negotiations and obtaining necessary approvals, so that the terms of the transaction can then be assessed by the relevant corporate bodies of the Bank with a view to completing the agreement in 2013.

NBG will promptly inform investors of any significant developments in the said process, in accordance with the applicable legislative and regulatory framework.