PIRAEUS FINANCIAL HOLDINGS S.A.

Announcement according to Law 3556/2007

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 19, 2008 Mr Georgios Liakopoulos son of Ioannis, General Manager of the Bank, sold in the Athens Exchange 12.320 Piraeus Bank common shares for the aggregate amount of Euro 281.104,50.