National Bank of Greece S.A. announces that its Board of Directors, with the consent of representative of the Hellenic Financial Stability Fund, decided today on the amendment of its proposal to the General Meeting of Shareholders regarding the matter of the Bank's share capital increase in the context of the recapitalization process under Law 3864/2010, i.e. on the one hand, to step up to 12% (versus 10%) the portion of the Bank's share capital increase that has been proposed may be covered in cash by the private sector, with pre-emption rights for the Bank's existing shareholders and, on the other hand, to retain pre-emption rights for the holders of redeemable non-voting non-cumulative preference shares (as specified in article 4.2.xlvii of the Bank's Articles of Association), in respect of the aforesaid portion of the share capital increase that has been proposed may be covered in cash. A detailed text setting out the Board's revised proposals and report – Draft Resolutions of the General Meeting – has been duly posted on the Bank's website.