NAT. BANK OF GREECE SA

Refutation of press reports

"In light of recent press reports and by repeating relevant public announcement made by NBG on 28.06.2010, National Bank of Greece (NBG) announces to the public that it does not intend to raise equity capital, including in particular through a share capital increase on a non-preemptive basis in favour of a new shareholder. Therefore, press reports that NBG is seeking a strategic investor are not accurate.
NBG remains focused on the maintenance and enhancement of its already strong capital base. As a result it continuously reviews opportunities to achieve such goal.
In keeping with best international practice, NBG provides regular updates to the public, its shareholders and institutional investors. In any case, NBG will inform the public accurately and in a timely fashion of any material new facts or development with respect to the above".