We are happy to announce the successful completion of the voluntary cash tender offer by National Bank of Greece S.A. (the Bank or NBG) of its €500,000,000 Fixed Rate Resettable Unsubordinated MREL Notes due 2027 (the Notes) and the successful completion of the new issuance of €600 million Fixed Rate Resettable Green Unsubordinated MREL Notes due 2031 (the New Notes).

The New Notes issuance is the fourth issuance of a Green Note for NBG, increasing thereby the participation of Green Senior Preferred Notes to 67% of all outstanding Senior Preferred Notes issued by NBG.

Our firm acted as external legal advisor to NBG and the sole legal advisor for the transaction on all Greek law aspects.

Our team that handled corporate, regulatory banking and capital markets law issues consisted of Alexandra Kondyli, Maria Chronaki and Dimitris Passas and Greek tax law issues were handled by Eleonora Ligoutsikou.

Congratulations once again to our client for another achievement and sincere thanks to all the members of the NBG team for the excellent cooperation and trust all these years.