Subscription of the share capital increase by cash contribution, through 2007 dividend reinvestment plan
The Board of Directors of Piraeus Bank S.A. (the "Bank") notifies its shareholders that on May 22, 2008 expired the pre-emptive rights subscription period related to the share capital increase by cash contribution through 2007 dividend reinvestment plan.
The total value of the new shares amounts to euro 16.072.930,08.
Consequently, the Bank's share capital increases by euro 3.589.320,06 through the offer of 752.478 new ordinary registered voting shares of a nominal value of euro 4.77 per share. The difference from the issue of shares above par value of a total amount of euro 12.483.610,02 is credited to the "share premium account". The Bank's share capital will amount to euro 1.571.922.628,56 divided in 329.543.528 shares of a nominal value of euro 4.77 per share.
The New Shares arising from the above share capital increase will be delivered to the beneficiaries in dematerialized form by crediting them into their share and securities account with the Dematerialized System of Securities ("SAT"). The date of crediting of the new shares into the accounts of the beneficiaries and the date of the commencement of trading of the new shares on the Athens Stock Exchange will be notified by a subsequent announcement of the Bank