In reply to your letter dated on 19.10.2006, regarding an article published in "Hrimatistirio" newspaper on 19/10/2006, Piraeus Bank S.A. announces that it does not comment on estimations of journalists or analysts on the financial results of the Bank and its Group. The results and detailed figures of the Bank and the Group for the nine-month period of 2006 shall be announced on November 8, 2006, after the end of the trading session of the Athens Stock Exchange