NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

National Bank of Greece SA (NBG) priced a €750 million five-year senior unsecured Reg- S bond to be issued through its subsidiary NBG Finance PLC and guaranteed by NBG. The bond was priced at 99.451 with a 4.5% yield at issuance, while the annual coupon will be 4.375%. Settlement will occur on April 30^th.

This release is not an offer of securities for sale in the United States.  The securities to which this release relates have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an exemption from registration under the Securities Act.  There will be no public offering of the securities in the United States.