PIRAEUS FINANCIAL HOLDINGS S.A.

NOTIFICATION OF IMPORTANT CHANGES CONCERNING THE VOTING RIGHTS DERIVING FROM SHARES UNDER L.3556/2007

Pursuant to the provisions of L.3556/2007, Piraeus Bank S.A. notifies investors that on the 4th of April 2008 the percentage of voting rights attached to shares of its issuance which could have been exercised by proxy holder (Mr Georgios Liakopoulos) during the Ordinary General Meeting of 03/04/2008, descends below the minimum limit. The threshold crossed by the person subject to the notification obligation is 5%.
The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 121.767, the total number of voting rights was 79.035.258 (directly and indirectly) and the total percentage of the voting rights was 23,30058% (directly and indirectly).
The voting rights attached to shares following the triggering transaction are as following: The total number of voting shares is below the minimum limit and the total percentage of the voting rights is below the minimum limit. Mr. Georgios Liakopoulos discontinued possessing 79.035.258 voting rights on 04.04.2008.
From the total number of 79.035.258 voting rights, 78.615.667 are identical to the voting rights held by Mr Konstantinos Liapis, given that they could have been exercised separately by either of the two obligors.