March 15, 2007 At its meeting held today, the Board of Directors of National Bank of Greece S.A. approved the Annual Financial Statements of the Bank and the Group, the key points of which have already been announced and are available to investors on the basis of the Bank’s detailed Press Release of 21 February 2007. The Board decided to propose for approval to the Annual General Meeting of the Bank’s shareholders a dividend of one euro per share for the financial year 2006. Such amount corresponds to a total dividend of euro 475 million, i.e. 40% higher than the respective aggregate dividend amount of euro 339 million for the year 2005.
At the same meeting, Mr Georgios I. Mergos, Governor of the Social Security Organization and Professor of Economics at the University of Athens was appointed Director in replacement of Mr Alexandros Stavrou, who resigned.
Moreover, a draft agreement for the spin-off of the Bank’s warehousing business through its contribution to Bank’s fully owned subsidiary NBG Venture Capital S.A. was approved by the Board pursuant to the provisions of Law 2166/1993. On the basis of the assets and liabilities inventory of warehousing business as at 13 March 2007, its book value amounts to euro 109,492,400.60. The spin-off shall be carried out subject to completion of all necessary corporate resolutions, legal formalities and supervisory authorities’ approvals
