NATIONAL BANK OF GREECE S.A.

Athens,19 March 2013

ANNOUNCEMENT

Commencement of merger process

At its meeting today (19/03/2013), the Board of Directors of National Bank of Greece S.A. decided to commence the merger process with Eurobank Ergasias S.A. The merger will be effected by means of absorption of Eurobank by NBG, through the unification of the two entities' assets and liabilities, with the combined implementation of the provisions of article 16 of Law 2515/1997 and articles 69-77a of Codified Law 2190/1920. The conversion date will be31 December 2012. The conversion balance sheets of the two banks will be their balance sheets as at31 December 2012.