We are happy to announce the successful completion of the voluntary cash tender offer by National Bank of Greece S.A. of its (i) €500,000,000 2.750% Green Fixed Rate Resettable Unsubordinated MREL Notes due 2026 and (ii) £200,000,000 8.750% Fixed Rate Resettable Unsubordinated MREL Notes due 2027 (together the Notes) and the successful completion of the new issuance of €750 million Fixed Rate Resettable Green Unsubordinated MREL Notes due 2029 (the New Notes) on which the tender offer was conditional.

NBG accepted all validly tendered Notes, which will be cancelled, and the issuance of the New Notes was successfully placed with the international markets with a coupon of 2.75%.

Our firm acted as external legal advisor to NBG on all Greek law aspects of the Tender Offer and the issuance of the New Notes.

Our team consisted of Alexandra Kondyli, Maria Chronaki and Dimitris Passas; Greek tax law issues were handled by Eleonora Ligoutsikou.

Congratulations once again to our client and sincere thanks for the excellent cooperation and trust all these years.

For more information: https://www.nbg.gr/-/jssmedia/Files/Group/Press-office/Press-office-releases/R-18-07-25-projectskywalker-final/Project-Skywalker-MAR-TO-Results.pdf?rev=98a4beda52b14f7ca7687af4ab5a87ce