Athens, June 8th, 2017                        

ANNOUNCEMENT

The National Bank of Greece (the “Bank”) announces that, during its Board of Directors meeting held yesterday, the resignation of Mr. Stavros Koukos as non-executive Member of the Board of Directors was announced.

At the same time, in accordance with international best practices and the Bank's standard commitment to assure maintenance of employee representation at the Board of Directors, the establishment in the Bank's Corporate Governance Code of the position of Observer Employee Representative at the Board of Directors was decided.

Through the establishment of the aforementioned position, the National Bank of Greece proceeds in a pioneering initiative, demonstrating in practice the primary importance given to open, constant and fruitful collaboration among the Board of Directors, the Executive Management and the Employees, with a view to sustainable development of the Bank's workings.

Finally, the Board of Directors extended a warm thank you to Mr. Koukos for his contribution over many years as a member of the Board of Directors and welcomed him in his new role as Observer Employee Representative.