The Greek Postal Savings Bank S.A. ("PSB") within the framework of providing accurate and timely information to investment and every other interested party, announces that the Hellenic Republic reported today a further step toward its privatization program through the planned sale of common shares of the PSB via an accelerated book build to international and Greek qualified investors via a private placement.

The size of the offering is 28,173,354 common shares or 20% of PSB's outstanding share capital. All the shares to be offered are existing shares listed on the Athens Exchange and currently held by the Hellenic Republic.

THE PRESENT ANNOUNCEMENT IS NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES, CANADA, JAPAN, OR AUSTRALIA.