PIRAEUS FINANCIAL HOLDINGS S.A.

Result of the 1st period of fixed registered shares sale of Piraeus Bank SA

Piraeus Bank informs the investors that following the resolution No. 24/433/28.6.2007 of the Board of Directors of the Capital Market Committee, according to which the Bank was given the permission for the sale of 165.935 fixed registered shares, which had not been submitted for dematerialization, as well as of shares deriving from corporate actions and which had been issued in dematerialized form in favour of the beneficiaries of the fixed, a part of them was sold on 31.7.2007, and more specifically 148.500 shares. The net product of this 1st selling period, which after deduction of costs and taxes of any nature, amounted to 3.910.991,04 euros, will be deposited in the Deposits and Loans Fund. Piraeus Bank will announce the result of every selling period, and after the completion of the relevant procedure, it will inform in writing its beneficiary shareholders on the selling result, the sum deposited on their behalf in the Deposits and Loans Fund, as well as on the procedure including the documents required in order for them to collect the said sum.