National Bank of Greece announces its intention to buy back own shares up to the maximum limit of 5% of its total shares at a minimum price of euros 4.5 and a maximum of euros 26.92 per share between 21 January and 30 April 2005.

The said buy-back, by virtue of BoD resolution of 10 January 2005, forms part of the Bank's buy-back programme of own shares up to the said maximum limit (including those each time owned by the Bank itself). The programme was launched for implementation by 30 April 2005 pursuant to Companies? Act 2190/1920, article 16, par. 5 and approval by the Bank's Ordinary General Meeting of Shareholders of 18 May 2004.