National Bank of Greece announces that during the period between 22.7.2004 and 15.10.2004 it purchased 903,400 own shares (0.27%), with an average acquisition cost per share of euros 18.52. The purchase of the above shares was made in accordance with the decision of the Board of Directors of the Bank on 2.7.2004, which was taken in order to implement the decision of the Annual General Meeting of its Shareholders on 18.5.2004 with which the purchase by the Bank until 30.4.2005, in accordance with article 16 paragraph 5 of codified law 2190/1920, of own shares not exceeding the number corresponding to 5% of its total shares, including the own shares belonging to the Bank at any time, was approved. Following the above, the Bank currently possesses 913,407 own shares in total, which represent 0.28% of its current share capital. This announcement is also made in the context of article 4 of decision 5/204/14.11.2000 of the Hellenic Capital Markets Commission.