In accordance with current legislation, National Bank of Greece S.A. announces the following:
The Board of Directors decided on 26 June 2008 to increase the share capital of the Bank, in line with article 13 par. 13 of the Companies Act (Law 2190/1920), as amended, by euro 1,939,850 through the issue of 387,970 common registered shares of a par value of euro5 each. Entitled to participate in the share capital increase are only those beneficiaries (i.e. executive members of the Board, management officers, and staff of the Bank and its affiliated companies) who exercised their stock options rights, as per the Plan initiated by the General Meeting of Shareholders on 1 June 2006 and BoD decisions on its implementation and the offering of the relevant options, and the Plan Regulation.
Following the said increase, the total paid-up share capital of the Bank will amount to euro2,490,771,345 divided into a) 496,654,269 common registered shares of a par value of euro5 each, and b) 25,000,000 redeemable preferred shares, without voting right and cumulative dividend, of a par value of euro0.30 each. At the same Board meeting, it was decided to adjust the articles of association to reflect the said increase, for the completion of which the formalities of corporate legislation will be duly observed. In line with capital market legislation, and once the share capital increase has been completed, the Bank will make a further announcement regarding listing of the shares arising from the said increase.