OFFERING CIRCULAR The Hellenic Republic €7,000,000,000 4.30 per cent. Bonds due 20 March 2012 // der sogenannte Märzbond....der um haaresbreite Mitgeschnitten wurde

OFFERING CIRCULAR
The Hellenic Republic
€7,000,000,000 4.30 per cent. Bonds due 20 March 2012

Issue Price: 99.757 per cent

The €7,000,000,000 4.30 per cent. Bonds due 20 March 2012 (the “Bonds”) of the Hellenic
Republic (the “Republic”) will bear interest at the rate of 4.30 per cent, per annum. Interest on the
Bonds will be payable annually in arrear on 20 March of each year (each an “Interest Payment Date”).
The first payment of interest will be paid on 20 March 2010 and will be equal to an amount calculated
in respect of the period from and including, 17 February 2009 to, but excluding, 20 March 2010 (long
first coupon). Payments of interest in respect of the Bonds to non Greek residents will be made without
deduction for or on account of Greek taxes. Payments of interest in respect of the Bonds to Greek
residents will be made after a deduction in respect of Greek income tax. The Republic will not pay
additional amounts as may be necessary in order that the net amounts received by a Greek resident after
such deduction equal the respective amount of interest which would have been receivable in respect of
the Bonds in the absence of such deduction. See also “Greek Taxation” herein.
The Bonds will mature on 20 March 2012.
Application has been made to list the Bonds on the Athens Stock Exchange.
The Bonds will be held in the Book Entry System maintained by the Bank of Greece.
The Bonds have not been registered under the United States Securities Act of 1933. They are
being offered and sold in the United States only to qualified institutional buyers in reliance on Rule
144A and outside of the United States in reliance on Regulation S.
Joint-Lead Managers
Alpha Bank
Eurobank EFG
UniCredit (HVB)
Goldman Sachs International
Piraeus Bank S.A.
Co-Managers
Banca IMI Barclays Capital BNP PARIBAS
Deutsche Bank Emporiki Bank HSBC ING Wholesale JPMorgan
Banking
Nomura The Royal Bank
International of Scotland
Citi Credit Suisse
Merrill Lynch & Morgan Stanley NBG Group
Co.
Société Générale Corporate & Investment Banking
The date of this Offering Circular is 16 February 2009