NAT. BANK OF GREECE SA
ANNOUNCEMENT ON THE BANK'S SHARE CAPITAL INCREASE PURSUANT TO THE CONVERSION OF THE CONVERTIBLE NOTES
Following previous announcements regarding the issue of 227,640,590 unlisted, short term registered convertible equity notes (the "Convertible Notes") pursuant to the programme for the issuance of Convertible Notes dated 10.09.2010 (the Programme), National Bank of Greece S.A. (the Bank) informs investors that on 20.10.2010, the Board of Directors of the Bank (a) certified the Bank's share capital increase by €1,138,202,950.00 pursuant to the conversion of all the Convertible Notes into 227,640,590 new common registered shares of nominal value €5.00 each (the New Shares) and (b) cancelled the Convertible Notes.
The difference between the nominal value of the New Shares and the issue/ conversion price of the Convertible Notes, which amounted to €45,528,118.00, will be credited to the Bank's share premium account. Accordingly, the Bank's total paid up share capital currently amounts to €5,137,952,410.00, divided into (a) 956,090,482 common, registered shares of nominal value of €5.00 per share, (b) 25,000,000 non-cumulative redeemable preference registered shares without voting rights of nominal value of € 0.30 per share and (c) 70,000,000 redeemable preference shares of nominal value € 5.00 per share issued under Greek law 3723/2008 and owned by the Hellenic Republic.
The date on which the New Shares will be credited to beneficiaries accounts and the date of commencement of their trading on the Securities Market of the ATHEX will be announced to the public in a forthcoming announcement of the Bank in accordance with the Prospectus approval by the Hellenic Capital Market Commission.
The convertible notes and 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.
The difference between the nominal value of the New Shares and the issue/ conversion price of the Convertible Notes, which amounted to €45,528,118.00, will be credited to the Bank's share premium account. Accordingly, the Bank's total paid up share capital currently amounts to €5,137,952,410.00, divided into (a) 956,090,482 common, registered shares of nominal value of €5.00 per share, (b) 25,000,000 non-cumulative redeemable preference registered shares without voting rights of nominal value of € 0.30 per share and (c) 70,000,000 redeemable preference shares of nominal value € 5.00 per share issued under Greek law 3723/2008 and owned by the Hellenic Republic.
The date on which the New Shares will be credited to beneficiaries accounts and the date of commencement of their trading on the Securities Market of the ATHEX will be announced to the public in a forthcoming announcement of the Bank in accordance with the Prospectus approval by the Hellenic Capital Market Commission.
The convertible notes and 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.