PIRAEUS FINANCIAL HOLDINGS S.A.

Purchase of Own Shares

Pursuant to the provisions of article 4 par. 4 of the Commission Regulation (EC) No 2273/2003, Piraeus Bank S.A. announces that following the decision of the Annual Ordinary General Shareholders' Meeting (dated 3.4.2008) and the resolution of the Board of Directors (dated 4.4.2008), it purchased own shares, through the ATHEX member Piraeus Securities S.A., as follows:
a) On 18/6/2008 the Bank purchased 80.452 shares, with average cost price euro 18,63 per share and total purchase price euro 1.498.828,14
b) On 19/6/2008 the Bank purchased 37.010 shares, with average cost price euro 18,62 per share and total purchase price euro 689.007,70 euros.