NEW COMPOSITION OF THE BOARD OF DIRECTORS

National Bank of Greece S.A. announces that today, 9/11/2016, its Board of Directors convened and resolved by absolute majority upon its reconstitution into a body as follows:

Mr. Panayotis-Aristidis (Takis) Thomopoulos, BoD Chairman, Non-executive member
Mr. Petros Sabatacakis, BoD Vice-Chairman, Independent non-executive member
Mr. Leonidas Fragkiadakis, Chief Executive Officer, Executive member  
Mr. Dimitrios Dimopoulos, Deputy Chief Executive Officer, Executive member
Mr. Paul Mylonas, Deputy Chief Executive Officer, Executive member
Mr. Arthur Michael Royal Aynsley, Independent non-executive member
Ms. Marianne Økland, Independent non-executive member
Mr. Claude Piret, Independent non-executive member
Mr. Stavros Koukos, Non-executive member
Mr. Efthymios Katsikas, Non-executive member
Mr. Spyridon Lorentziadis, Non-executive member
Mr. Charalampos Makkas, Independent non-executive member
Mr. Panagiotis Leftheris, Representative of the Hellenic Financial Stability Fund  
Mr. Panos Dasmanoglou, Assistant General Manager – Group Chief Compliance and Corporate Governance Officer was appointed Secretary of the Board and its Committees.

It is noted that, in accordance with the provisions of the legal and regulatory framework, the election of credit institutions' Board members, is subject to approval and constant review by the Single Supervisory Mechanism (SSM) of the European Central Bank.

Following his election as Chairman of the Bank's Board of Directors, Mr. Panayotis (Takis) Thomopoulos, addressed the Board members and noted that "he will make every effort, in the context of his responsibilities, for further enhancement and development of the National Bank and for development of its human resources for the economy and society. Mr. Thomopoulos noted that this will be done in full cooperation with the Chief Executive Officer, but also with the Bank's main shareholder, the Hellenic Financial Stability Fund”.

The Bank's Chief Executive Officer, Mr. Leonidas Fragkiadakis, stated that "the National Bank will dynamically continue implementing its strategy with a view to achieving targets and actions of the Restructuring Plan. In this context, the Bank will continue operating with dedication to corporate governance rules and with respect to the supervisory authorities, its shareholders and its customers. Additionally, Mr. Fragkiadakis stated that, the National Bank, acknowledging the significant role of the Hellenic Financial Stability Fund as main shareholder, will contribute with all its powers to further enhancement of cooperation with the Fund, in the context of the principles deriving from the legal and regulatory framework”.