GENERAL BANK OF GREECE S.A.

Full subscription of the share capital increase in cash
in favor of existing shareholders

The Board of Directors of the GENIKI Bank S.A. ("Bank") informs the public of the following:
The share capital increase of the Bank in cash in favour of existing shareholders, resolved by the Annual General Shareholders Meeting on June 28, 2007, which took place from 29/10/2007 to 12/11/2007 was covered by 98,5% corresponding to 51.780.684 new ordinary registered shares, 207.122.736 euros, and 768.461 shares remain undistributed.
On 13/11/2007 the BoD of the Bank decided to allocate the 768.461 undistributed shares to existing shareholders. As a result, the share capital increase was fully subscribed (100%) and the Bank's capital increases by 210.196.580 euro.Following the above, the share capital of the Bank increases by euro 56.227.585,15 with the issue of 52.549.145 new ordinary registered shares, of nominal value euro 1,07 each.
The new shares resulting from the share capital increase will be delivered to the beneficiaries in electronic (dematerialized) form by credit to their share and securities account in the Electronic (Dematerialised) Securities System. The credit date and the starting date for trading of the new shares on the Athens Exchange will be announced in due course.