PIRAEUS FINANCIAL HOLDINGS S.A.

Announcement according to Law 3556/2007

In accordance with the provisions of Law 3556/2007, Decision 1/434/03.07.2007 and Circular nr 33 of the Hellenic Capital Market Commission, Piraeus Bank announces that on December 12, 2007 Mr Nikolaos Zografos son of Ioannis, Independent Non-Executive Member of the Board of Directors, sold in the Athens Exchange 10.000 Piraeus Bank common shares for the aggregate amount of Euro 275.000,00.