Pursuant to the provisions of L.3556/2007, Piraeus Bank notifies investors that on the 27th of December 2011 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mr Iakovos Georganas) during the Extraordinary General Meeting of Piraeus Bank on 23.12.2011, descended the minimum limit. The threshold crossed by the person subject to the notification obligation is 5%.

The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 2,071,706, the total number of voting rights was 258,396,357 and the total percentage of the voting rights was 22.6004%.

The voting rights attached to shares following the triggering transaction are as following: The total number of voting rights is below the minimum limit  (directly and indirectly) and the total percentage of the voting rights is below the minimum limit  (directly and indirectly) .

Mr Iakovos Georganas, as proxy holder, discontinued possessing 256,324,651 voting rights on 27.12.2011.