Hellenic Republic Bonds Settlement Completion

The Hellenic Republic today announced that it had completedthe exchange of the €177,252,131,542 outstanding principal amount of bonds issued bythe Republic and governed by Greek law pursuant to its invitations of 24 February 2012.All holders of such bonds became bound by the proposed amendments pursuant to theGreek Bondholder Act upon the Council of Minister’s acceptance on Friday, 9 March2012 of the consents received by the Republic by 9:00 p.m. CET on 8 March 2012. Bydelivering the consideration described in the invitations, the Republic discharged in fullits obligations to the holders of the Republic’s amended Greek-law governed bonds.