NAT. BANK OF GREECE SA

Acquisition of Finansbank's ordinary shares.

Further to the announcement dated 20 August 2008, National Bank of Greece announces for the information of investors the conclusion of the acquisition by the NBG group of the remaining 9.68% of Finansbank's share capital owned by FIBA in accordance with the terms of the agreement of April 2006. The total cost of the said acquisition amounted to USD 697.15 million. NBG has accounted for this transaction since the first phase of the acquisition in 2006 and therefore the impact has been reflected already in the Group's financials.
Following this transaction, NBG Group's participation in the share capital of Finansbank now amounts to 94.73%. The remaining 5% of the ordinary shares of Finansbank are owned by the International Finance Corporation (IFC) with which NBG has entered into a shareholders' agreement providing for a put/call option on these shares as well, while the rest 0.27% is held by minority investors.