NATIONAL BANK OF GREECE

Not for release, publication or distribution in whole or in part in or into the United States, Australia, Canada, Japan or Italy. The Offered Securities to be issued in connection with the Offering have not and will not be registered under the U.S Securities Act of 1933, as amended and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from such registration requirements.

PRESS RELEASE

National Bank of Greece announces that its Board of Directors, having already taken into consideration the reduction, decided upon by the 2nd Repeat General Meeting of Shareholders of 29 April 2013, in the total number of existing shares (by means of a reverse split at a ratio of 10:1) from 1,226,601,200 to 122,660,120 and simultaneous reduction in share capital, due to be carried out in the course of the next days, determined under the terms of the Council of Ministers Act that (a) the number of NBG new shares to be issued under the capital increase be 2,274,125,874 and (b) the issue price be EUR 4.29 per new share after the reverse split (equivalent to a price of EUR  0.429 under today's conditions before the reverse split).

Immediately after approval, by the Hellenic Capital Market Commission, of the Information Circular for the share capital increase and approval, by the Athens Exchange, for the reduction in the number of common shares and their nominal value, details will be announced to investors by the Bank regarding the implementation of decisions taken by the said General Meeting, and the detailed terms and commencement of the share capital increase procedure.

Athens, 20 May 2013