National Bank of Greece Selects Paisley Enterprise GRC(TM) Software for Global Audit Management

Market Wire, April, 2008

Paisley, the leading provider of governance, risk and compliance ( GRC ) software solutions, today announced that National Bank of Greece has chosen Paisley Enterprise GRC(TM) software to manage its global audit management initiatives.

National Bank of Greece (NBG), the oldest and largest among Greek banks, heads the strongest financial group in the country. It boasts a dynamic profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean. Founded in 1841 as a commercial bank and listed in the NYSE in 1999, NBG provides a full range of financial products and services that meet the constantly changing needs of corporate customers and private individuals, including investment banking services, brokerage, insurance, asset management, leasing and factoring. The Bank's network is the largest in Greece and includes 575 branches and 1421 ATMs, effectively covering the entire country. The Bank's network outside Greece consists of 1081 units, and it is rapidly expanding through alternative channels such as mobile and internet banking.

"Paisley Enterprise GRC software includes the functionality we were looking for and the capabilities to automate and manage our global internal auditing efforts within a single, unified solution," said Marisa Melliou, Internal Audit Methodology Deputy Director for the National Bank of Greece. "We are pleased to be working with a provider that offers comprehensive solutions to large and multifaceted organizations."

"Forward-looking companies like the National Bank of Greece continue to validate the benefits of an integrated framework that bridges the gap between risk management and audit departments," said Marc Adams, VP and GM EMEA for Paisley. "We are excited about the continued momentum in the industry for our uniquely integrated approach to solving companies' risk management challenges."

As the industry's leading governance, risk and compliance solution with built-in audit management functionality, Paisley Enterprise GRC software includes purpose-built components for the full spectrum of governance, risk and compliance requirements. Our solution includes components for financial controls management , operational risk management ( ORM ), enterprise risk management ( ERM ), internal audit management, IT governance and compliance.

About Paisley

Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance (GRC) including financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Leveraging industry best practices, standards-based technology, and a choice of software platforms and deployment options, Paisley customers are empowered to improve the accuracy, consistency and efficiency associated with internal audit, financial controls management, enterprise risk management, operational risk management, IT governance and compliance initiatives. Developed for companies of every size and across multiple industries, Paisley's solutions enable organizations to streamline governance, risk, and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

For more information, call 320.286.5870, email info@paisley.com or visit www.paisley.com .

Press Contact: Stacey Billy Marketing Director Paisley 763-450-4821 Email Contact