Piraeus Bank announces pursuant to article 290, par. 1 of the ATHEX Rules, that its Annual General Meeting of Shareholders, which convened on 03.04.2008, approved a share buyback programme to be effected through ATHEX pursuant to the provisions of article 16, of Law 2190/1920, for a maximum number of 33,000,000 shares corresponding to less than 10% of the total number of issued shares.The range of purchase prices was set between EUR 4 (lowest) to EUR 40 (highest) while the buyback program shall expire twenty four months from today, i.e. on 03.04.2010, unless terminated earlier.