Following the information it received from SOCIETE GENERALE, General Bank of Greece S.A. (“Geniki Bank”) announces that, on 19/10/2012, SOCIETE GENERALE entered into a definitive agreement with Piraeus Bank, pursuant to which, among others, (i) SOCIETE GENERALE agreed to sell and Piraeus Bank has agreed to purchase SOCIETE GENERALE΄S 99,08% stake in Geniki Bank, and (ii) SOCIETE GENERALE agreed to assign and transfer and Piraeus Bank agreed to acquire 100% of the  capital advances made and to be made to Geniki Bank by SOCIETE GENERALE. The total consideration for the above sale, assignment and transfer amounts to €1m.

As part of the transaction, SOCIETE GENERALE also agreed to make an advance to Geniki Bank to be capitalized for a total amount of €281m, as requested by the Bank of Greece. This amount is subject to adjustment on the basis of due diligence to be performed by the Hellenic Financial Stability Fund (HFSF) prior to the transaction closing.

Geniki Bank was also informed that closing of the transaction is expected to be completed before the year end, subject in particular to obtaining final regulatory approvals.

Geniki Bank was finally informed that the board of the HFSF has approved the transaction on 19/10/2012.