PIRAEUS BANK S.A. (the "Bank") informs its investors on the following:
The 2nd Iterative Ordinary General Meeting of Shareholders held on 07.05.2008, resolved amongst others, on the increase of the Bank's share capital up to the amount of 26,378,367.12 euros, by issuing up to 5,530,056 new ordinary registered shares. The share capital increase was effected by cash contribution and provided the shareholders the option of reinvesting the dividend of the fiscal year 2007 (minus the already paid interim dividend) that is euro 0.36 per share (it should be noted that the Ordinary General Meeting of Shareholders held on 03/04/2008 resolved for a dividend distribution of euro 0.72 per share, interim dividend of euro 0.36 per share included).The new shares were issued at euro 21.36 per share, whilst eligible to participate in the capital increase through dividend reinvestment were only Piraeus Bank shareholders of record on 15th May 2008 (dividend beneficiaries) .
The above mentioned increase provided the shareholders with the option to receive, at their discretion, instead of cash, the total or part or their dividend in Bank shares, provided they submitted the respective application form in writing within a period that started on 08/05/2008 and ended on 22/05/2008. By submitting this application form the shareholder exercised its right to participate in the aforementioned share capital increase.
During the above mentioned period, 4,154 dividend reinvestment applications were submitted, by virtue of which the total amount of the reinvested dividend, amounted to euro 16,072,930.08. Consequently, the Bank's share capital was partially subscribed by euro 3,589,320.06 (a percentage of 0.23% of the shared capital) by issuing 752,478 new shares of nominal value of euro 4.77, representing a percentage of 13.61% of the share capital increase and shall be given to the shareholders who exercised right of reinvestment. The new shares shall be dematerialized, ordinary, registered shares, with right to the 2008 fiscal year dividend, any interim dividend included. The above par value of the shares amounting to euro 12,483,610.02 was credited to the share premium account.
Due to the above mentioned increase and according to the law (art. 13a par. 2 of the codified law 2190/1920) the Bank's Board of Directors by its resolution regarding the certification of payment of the amount of the share capital increase, adapted articles 5 and 27 of the Bank's Articles of Association, in order to reflect the recent share capital increase, which now amounts to one billion five hundred seventy one million nine hundred twenty two thousand six hundred twenty eight euros and fifty six cents (euro 1,571,922,628.56) divided in three hundred twenty nine million five hundred forty three thousand five hundred twenty eight (329.543.528) ordinary registered shares with voting right of nominal value four euros and seventy seven (euro 4.77) each. The above mentioned amendment of the Articles of Association has been approved by resolution No. K2-6838/04-06-2008 of the Minister of Development.
The Board of Directors of The Athens Stock Exchange, during its meeting on 12/06/2008, approved the listing of the above mentioned shares. Consequently, trading of the new ordinary registered shares shall commence on 18/06/2008. As of that date, the opening price of the Bank's shares on the ATHEX shall be determined according to the ATHEX Regulation and the relevant resolutions of the Board of Directors of the Athens Stock Exchange and the above shares will be credited in the accounts of the beneficiary shareholders in the Dematerialized Securities System (DSS).
For more information shareholders may refer to the relative informative document available at PIRAEUS BANK headquarters at 4, Amerikis str. P.C. 105 64 Athens and on the Bank's website (http://www.piraeusbank.gr) or contact the Shareholders' Department, during working days and hours. Tel: 210 333 5039, Mrs. Eugenia Rizeakou.