NAT. BANK OF GREECE SA

Commencement of trading of new shares issued through the exercise of pre-emptive rights and cash payment.

National Bank of Greece S.A. wishes to inform investors that, effective Thursday, 30 July 2009, trading of 110.367.615 new ordinary registered shares of the Bank, of nominal value euro 5.00 each, will commence on the Athens Exchange (ATHEX). The new shares were issued following the share capital increase through the exercise of pre-emptive rights and cash payment, in accordance with the Bank's Board of Directors decision of 18 June 2009, as authorized by the 2nd Repeat General Meeting of the Bank's Shareholders of 15 May 2008.
The ATHEX Board of Directors at its meeting of 28 July 2009 approved the listing for trading of the 110.367.615 new shares. The new shares will have been credited to the beneficiaries' accounts of the Dematerialized Securities System (DSS) at the commencement of trading on July 30, 2009.
For any further information, the Investors are requested to contact the Shareholders' Office of the Bank (tel. 210-3341537, 210-3342310).
The shares of the National Bank of Greece S.A. referred to in this press release have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration