Following the resolution dated July 6, 2007 of the Board of Directors of Piraeus Bank S.A. with respect to the increase of the Bank's share capital via a rights issue, Piraeus Bank wishes to announce that any forecasts or estimations included in the Bank's Business Plan for the years 2007 - 2010, which was presented to Greek and international investors towards the end of January 2007, are currently being reassessed upwards in view of the impending increase to its share capital.