Piraeus Bank hereby informs the investors that the General Director of the Hellenic Capital Market Commission (Decision No. 89/20.2.2007) resolved as follows:
1. The petitioner PIRAEUS BANK S.A. is granted permission for the Forced Sale of 52,079 shares formed by fractions of shares that have arisen from the petitioner''s share capital increase.
2. Appoints the ATHEX member PIRAEUS SECURITIES S.A. to undertake the Forced Sale of the said shares.
3. The Forced Sale shall take place on Monday, 12 March 2007, in accordance with Article 99 of the ATHEX Exchange Rulebook. The starting price of the Forced Sale cannot be less than three per cent (3%) below the shares'' closing price of the immediately preceding trading day.
4. The ATHEX member must notify the result of the Forced Sale on the same day to PIRAEUS BANK S.A., the Central Securities Depository and the Hellenic Capital Market Commission.
Upon completion of the Forced Sale, Piraeus Bank S.A. shall announce the result, as well as the procedure pursuant to which the eligible shareholders may collect their corresponding proceeds from the Deposits and Loans Fund.