Piraeus Bank announces that, following the resolution of its extraordinary General Shareholders' Meeting of 23.12.2011 according to L. 3723/2008 “for the liquidity enhancement of the Greek economy”, the procedure for the increase of the Bank's share capital by €380,000,000 has been completed today and that 1,266,666,666 new preference shares have been undertaken by the Greek State. This share capital increase reinforces Piraeus Group's capital adequacy ratios by 1 percentage point, leading to a 9.8% total capital adequacy ratio (based on September 2011 data, excluding discontinued operations).