Piraeus Bank, on account of the announcement issued by Marfin Popular Bank Public Co. Ltd''s Board of Directors and dated 5.2.2007, would like to issue the following statement:
The public offer submitted by Piraeus Bank has been approved both by the Cyprus Stock Exchange and the Cyprus Securities & Capital Market Commission and is currently in progress. The Public Offer Document (Information Memorandum) to be made publicly available on 7 February 2007, will fully present and substantiate why the proposed consideration of 1 Piraeus Bank share for 5,70 MPB shares is fair and reasonable.
Furthermore, Piraeus Bank always discloses its financial statements in a timely manner and such financial information is audited by its certified auditors and is under the supervision of the relevant Regulatory Authorities.