PIRAEUS FINANCIAL HOLDINGS S.A.

Purchase of own shares

Piraeus Bank 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 3/7/2008 the Bank purchased 134.944 shares, with average cost price euro 15,65 per share and total purchase price euro 2.112.466,30 b) On 7/7/2008 the Bank purchased 173.800 shares, with average cost price euro 17,43 per share and total purchase price euro 3.029.990,00 c) On 10/7/2008 the Bank purchased 106.423 shares, with average cost price euro 17,89 per share and total purchase price euro 1.903.662,00 d) On 11/7/2008 the Bank purchased 147.840 shares, with average cost price euro 17,67 per share and total purchase price euro 2.612.866,14