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), on 22/7/2008 it purchased 84.351 own shares, through the ATHEX member Piraeus Securities S.A., with average cost price 18,63 per share and total purchase price 1.517.614,28.