PIRAEUS REAL ESTATE INVESTMENT (PIRAEUS R.E.I.T. S.A.) announces that its Annual General Meeting of shareholders which was held on April 23, 2008 at 10:00 p.m. was attended by 12 shareholders representing 42.584.137 shares, out of a total of 54.888.240 shares, namely 77,58%. The General Meeting resolved as follows:
1.Approved the financial statements for the fiscal year 01.01.2007-31.12.2007 (drafted according to the International Financial Reporting Standards) together with the Certified Auditor's certificate, the Management Report of the Board of Directors, and the Investments Statement of the company. Resolved on the distribution of dividend of Euro 0,13 per share for the fiscal year 2007. Eligible to receive dividends are shareholders of record on 29.04.2008. As of April 30, 2008 (ex-dividend date), the shares of PIRAEUS REAL ESTATE INVESTMENT will be traded ex-dividend. Dividend payment will take place on 08.05.2008 (dividend payment date) through Piraeus Bank. In particular, in case the Operator of the shares is Piraeus Bank, the dividend corresponding to the shares under its operation will be automatically credited to the deposit account connected with the securities custody account in Piraeus Bank. In case the Operator in the Dematerialised Securities System is another Bank or Brokerage Company, such Operator will collect for account of the shareholder the corresponding dividend. In case the shareholder has requested to be exempted from the above mentioned process (at least five business days prior to the dividend payment date) by the Operator or the Hellenic Exchanges Holding S.A (ex Central Securities Depository), the shareholder may collect the corresponding dividend himself through the branches of Piraeus Bank, by producing his ID, Tax Record Number, and optionally a copy of his stake in the Dematerialised Securities System.
2.Approved the discharge of the members of the Board of Directors and the Certified Auditor of any liability for indemnity for the fiscal year 2007 (01.01.2007 - 31.12.2007).
3.Approved the payment of fees and remunerations to members of the Board of Directors for the fiscal year 2007 and pre-approved the fees and remunerations to be paid to members of the Board of Directors for the fiscal year 2008.
4.Nominated the audit firm PriceWaterhouseCoopers as Certified Auditors to audit the Financial Statements of the fiscal year 2008 and in particular Mr. Vassilios Goutis son of Christos (Reg. no. 10411) as Regular Certified Auditor, and Mr. Dimitrios Sourbis son of Andreas (Reg. no. 16891) as Substitute Certified Auditor.
5.Ratified the election of Konstantinos Chryssikos, who has been elected as temporary Board member in replacement of resigned member
6.Elected the certified appraiser Mr. Pavlos Kanellakis. of the Body of Certified Appraisers, under article 15 of Law 820/1978, to assess the value of the Company's investments for the fiscal year 2008.
7.Approved the amendment of articles of the company's articles of Incorporation for the purpose of harmonization and adjustment with the amendments provisions of law 3581/2007, 2778/1999 and 2190/1920 as in force, and codification into a complete document by amendments, renumbering of the articles and paragraphs of Article of Incorporation.
8.Approved the permission granted to members of the Board of Directors, under article 23 of Law 2190/1920, to participate in the Board of Directors of affiliated companies of Piraeus Bank S.A.