NATIONAL BANK OF GREECE

                                                                                                    Athens, 28.6.2012

PRESS RELEASE

At today's meeting of the Board of Directors of National Bank of Greece, which took place after the Annual General Meeting of Shareholders, Deputy CEO Mr. Alexandros Tourkolias was elected Chairman of the Bank in replacement of Vassilios Rapanos. Mr. George Zanias will succeed him in the post of Chairman when he has resigned as Finance Minister in the caretaker government, having first been elected to the Bank's Board.

Mr. Apostolos Tamvakakis today submitted to the Board his resignation as CEO of the Bank, and Mr. Alexandros Tourkolias was elected CEO in his place.  

Mr. Petros Christodoulou, Head of International at NBG, was today elected member of the Board and sole Deputy CEO.

Mr. Leonidas Theoklitos submitted his resignation as member of the Board and as Deputy CEO.  

Furthermore, Mr. Apostolos Tamvakakis resigned from the Board of Directors of Astir Palace SA, of which he was Chairman, while Leonidas Theoklitos resigned from his posts as Chairman of Ethniki Insurance and as CEO of Astir Palace SA.

The Board of Directors expressed its special thanks to the members who have resigned for their work with the Bank and the Group at this particularly critical juncture, and wished each of them health and success in their personal and professional life.