The distribution of 28,056,390 shares of the National Bank of Greece, ownership of the Public Securities Organization (DEKA), which holds 11% of the bank's share capital, was successfully completed. Due to an excess demand, more shares were distributed, which correspond to 1% over the one scheduled initially.

The issue price was set at 17.40 euros per share, i.e. with a discount of 3.86% on the current closing price of the share and total revenue of 490 million euros were raised approximately.

The shares' issue was carried out through a private placement to domestic and foreign institutional investors via the accelerated book building process. Also, it drew the attention of domestic and foreign institutional investors, a fact that reaffirms investors? confidence in National Bank of Greece and its prospects. Almost 1/3 of the total demand relevant to the issue derived from domestic investors, while 2/3 from foreign investors. As a result, the issue was oversubscribed by 1.8 times.

Underwriters of the book-building offer were Citigroup Global Market Ltd and Merril Lynch International.