In reply to the ref. no. 4410/12.10.2006 document of the Hellenic Capital Market Commission, asking to comment on the articles published in the financial press in relation to the intentions of Piraeus Bank S.A. regarding its equity stake in the Bank of Cyprus Ltd., in accordance with article 2, para. 1 of the resolution of the Hellenic Capital Market Commission no. 5/204/2000, Piraeus Bank S.A. announces that no decision has been made in this respect, other than what has been announced in the recent past.