Not for release, publication or distribution in whole or in part in or into the United States, Australia, Canada, Japan or Italy. The shares to be issued in connection with the Offer 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.

VOLUNTARY TENDER OFFER OF NATIONAL BANK OF GREECE S.A.

TO THE SHAREHOLDERS OF EUROBANK ERGASIAS S.A. FOR THE ACQUISITION OF ALL THE COMMON REGISTERED SHARES OF EUROBANK ERGASIAS S.A.

AND

PUBLIC OFFER OF THE NEW SHARES OF NATIONAL BANK OF GREECE IN EXCHANGE OF THE TENDERED SHARES

AT A SHARE EXCHANGE RATIO OF 58 NEWLY ISSUED SHARES OF NATIONAL BANK OF GREECE S.A. PER 100 TENDERED SHARES OF EUROBANK ERGASIAS S.A. /

ANNOUNCEMENT OF THE MANNER AND PLACE WHERE THE INFORMATION MEMORANDUM OF THE TENDER OFFER AND THE OFFERING CIRCULAR OF ARTICLE 4 PAR. 1(Β) AND 2(C) OF GREEK LAW 3401/2005 WILL BE AVAILABLE

(in accordance with Greek law 3461/2006 and Greek law 3401/2005)