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 22, 2008 Mr Michalis Sallas son of Georgios, Chairman of the Board of Directors of the Bank, bought in the Athens Exchange 50.000 Piraeus Bank common shares for the aggregate amount of Euro 1.035.276,38.