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 06, 2007 Mr Christos Koumoundouros son of Konstantinos, Chief Internal Auditor, sold in the Athens Exchange 825 Piraeus Bank common shares for the aggregate amount of Euro 21.961,50.