In accordance with the provisions of Law 3556/2007, Decision 1/434/03.07.2007 and Circular nr 33 of the Hellenic Capital Market Commission, Piraeus Bank announces that on May 16, 2008 Mr Stylianos Golemis son of Dimitrios, Non-Executive Member of the Board of Directors, sold in the Derivatives Market of the Athens Exchange 4.200 stock repo contracts for the aggregate amount of Euro 9,592,800.00.