NAT. BANK OF GREECE SA

ANNOUNCEMENT ON COMMENCEMENT OF TRADING OF THE NEW SHARES

National Bank of Greece SA (the Bank) informs investors that the trading on the Athens Exchange (ATHEX) of 121.408.315 new ordinary registered shares of the Bank (the New Shares), which were issued in the context of the Bank's share capital increase in cash with pre-emption rights in favour of existing shareholders, as approved in the 10.09.2010 meeting of the Bank's Board of Directors, will commence from 19.10.2010.
ATHEX approved on 15.10.2010 the listing to trade of the New Shares. New Shares held in the Greek Dematerialised Securities System will have been credited to investors' shares and securities accounts on the date of commencement of trading.
For further information the shareholders may contact the Bank's Shareholders Services at tel. 210 3343411 on business days and hours. Athens, 15.10.2010
The shares of 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.