PIRAEUS FINANCIAL HOLDINGS S.A.
Informative document pursuant to article 4 par. 2.e of Law 3401/2005
INFORMATIVE DOCUMENT Pursuant to article 4 par. 2.e of Law 3401/2005 REGARDING THE PAYMENT OF DIVIDEND FOR FISCAL YEAR 2007 THROUGH OFFERING OF SHARES OF THE SAME CATEGORY AS THE SHARES ENTITLED TO THE DIVIDEND IS PAID ON Athens, 06/06/2008
Piraeus Bank S.A. (henceforth the Bank), in accordance with the provisions of article 4 par. 1 case. e of Law 3401/2005, informs the investors on the following:
The 2nd Iterative General Shareholders Meeting held on 07/05/2008 resolved amongst others, on the increase of the Bank's share capital up to the amount of euro 26,378,367.12 by issuing up to 5,530,056 new ordinary registered shares. The share capital increase was effected by cash contribution and by providing the shareholders the option of reinvesting their dividends for fiscal year 2007 (minus the already paid interim dividend), that is euro 0.36 per share (it should be noted that the Ordinary General Shareholders' Meeting held on 03/04/2008 resolved for dividend distribution of euro 0.72 per share, interim dividend of euro 0.36 per share included). The new shares were issued at euro 21.36 per share whereas eligible to participate through dividend reinvestment were only Piraeus Bank shareholders of record on the 15th May 2008 (dividend beneficiaries).
The aforementioned increase provided the shareholders with the option to receive, upon their discretion, the total or part or their dividend in Bank shares, provided they submitted the respective application form in writing within a period that started on 08/05/2008 and ended on 22/05/2008. By submitting this application form the shareholder exercised its right to participate in the aforementioned share capital increase.
During the above mentioned period, 4,154 dividend reinvestment applications were submitted, by virtue of which the total amount of the reinvested dividend, amounted to euro 16,072,930.08. Consequently, the share capital increase was partially subscribed by 13.61% and the Bank's share capital was increased by euro 3,589,320.06 (a percentage of 0.23% of the existing share capital) by issuing 752,478 new shares of nominal value of euro 4.77 each, which shall be offered to the shareholders who exercised their right of reinvestment. The new shares shall be dematerialized, ordinary, registered shares, with right to 2008 fiscal year dividend, any interim dividend included. The above par value of the shares amounting to euro 12,483,610.02 was credited to the share premium account.
Due to the above mentioned increase and pursuant to the law (art. 13a par. 2 of the codified law 2190/1920) the Bank's Board of Directors by its resolution regarding the certification of payment of the amount of the share capital increase, adapted articles 5 and 27 of the Bank's Articles of Association, in order to reflect the recent share capital increase, which now amounts to one billion five hundred seventy one million nine hundred twenty two thousand six hundred twenty eight euros and fifty six cents (euro 1,571,922,628.56) divided in three hundred twenty nine million five hundred forty three thousand five hundred twenty eight (329.543.528) ordinary registered shares with voting right of nominal value four euros and seventy seven (euro 4.77) each. The above mentioned amendment of the Articles of Association has been approved by resolution No. Κ2-6838/04-06-2008 of the Minister of Development.
It should be clarified that those shareholders who, either fully or partly, did not exercise their dividend reinvestment right and, therefore, did not participate in the aforementioned share capital increase, received in cash the total dividend amount they were entitled to on 26/05/2008 (dividend payment date), in the way already announced by the Bank. Given that no share fractions were issued, the same day the shareholders that participated in the dividend reinvestment received in cash any balance corresponding to fractions of shares.
The new shares are expected to be listed, according to the ATHEX Regulation, no later than the 5th working day following the approval of the new shares listing by the ATHEX Board of Directors, near the 18/06/2008, that is approximately in three weeks time from the dividend payment date (26/05/2008). The persons responsible for drafting this informative document (in Greek) as well as for the accuracy of its content are the following:
1. George Liakopoulos, General Manager, Corporate Governance & Administration and
2. Joseph Michaelides, Deputy Director of Capital Market & Investment Services You may receive a copy of this informative document at PIRAEUS BANK S.A. headquarters in Athens, 4 Amerikis street, P.C. 105 64 as well as in electronic form on the website of the Bank (http://www.piraeusbank.gr ). For further information please contact the Bank's Shareholders' Department during working days and hours, tel.: +30 210 33 35 581, Mrs Evgenia Rizeakou.
Piraeus Bank S.A. (henceforth the Bank), in accordance with the provisions of article 4 par. 1 case. e of Law 3401/2005, informs the investors on the following:
The 2nd Iterative General Shareholders Meeting held on 07/05/2008 resolved amongst others, on the increase of the Bank's share capital up to the amount of euro 26,378,367.12 by issuing up to 5,530,056 new ordinary registered shares. The share capital increase was effected by cash contribution and by providing the shareholders the option of reinvesting their dividends for fiscal year 2007 (minus the already paid interim dividend), that is euro 0.36 per share (it should be noted that the Ordinary General Shareholders' Meeting held on 03/04/2008 resolved for dividend distribution of euro 0.72 per share, interim dividend of euro 0.36 per share included). The new shares were issued at euro 21.36 per share whereas eligible to participate through dividend reinvestment were only Piraeus Bank shareholders of record on the 15th May 2008 (dividend beneficiaries).
The aforementioned increase provided the shareholders with the option to receive, upon their discretion, the total or part or their dividend in Bank shares, provided they submitted the respective application form in writing within a period that started on 08/05/2008 and ended on 22/05/2008. By submitting this application form the shareholder exercised its right to participate in the aforementioned share capital increase.
During the above mentioned period, 4,154 dividend reinvestment applications were submitted, by virtue of which the total amount of the reinvested dividend, amounted to euro 16,072,930.08. Consequently, the share capital increase was partially subscribed by 13.61% and the Bank's share capital was increased by euro 3,589,320.06 (a percentage of 0.23% of the existing share capital) by issuing 752,478 new shares of nominal value of euro 4.77 each, which shall be offered to the shareholders who exercised their right of reinvestment. The new shares shall be dematerialized, ordinary, registered shares, with right to 2008 fiscal year dividend, any interim dividend included. The above par value of the shares amounting to euro 12,483,610.02 was credited to the share premium account.
Due to the above mentioned increase and pursuant to the law (art. 13a par. 2 of the codified law 2190/1920) the Bank's Board of Directors by its resolution regarding the certification of payment of the amount of the share capital increase, adapted articles 5 and 27 of the Bank's Articles of Association, in order to reflect the recent share capital increase, which now amounts to one billion five hundred seventy one million nine hundred twenty two thousand six hundred twenty eight euros and fifty six cents (euro 1,571,922,628.56) divided in three hundred twenty nine million five hundred forty three thousand five hundred twenty eight (329.543.528) ordinary registered shares with voting right of nominal value four euros and seventy seven (euro 4.77) each. The above mentioned amendment of the Articles of Association has been approved by resolution No. Κ2-6838/04-06-2008 of the Minister of Development.
It should be clarified that those shareholders who, either fully or partly, did not exercise their dividend reinvestment right and, therefore, did not participate in the aforementioned share capital increase, received in cash the total dividend amount they were entitled to on 26/05/2008 (dividend payment date), in the way already announced by the Bank. Given that no share fractions were issued, the same day the shareholders that participated in the dividend reinvestment received in cash any balance corresponding to fractions of shares.
The new shares are expected to be listed, according to the ATHEX Regulation, no later than the 5th working day following the approval of the new shares listing by the ATHEX Board of Directors, near the 18/06/2008, that is approximately in three weeks time from the dividend payment date (26/05/2008). The persons responsible for drafting this informative document (in Greek) as well as for the accuracy of its content are the following:
1. George Liakopoulos, General Manager, Corporate Governance & Administration and
2. Joseph Michaelides, Deputy Director of Capital Market & Investment Services You may receive a copy of this informative document at PIRAEUS BANK S.A. headquarters in Athens, 4 Amerikis street, P.C. 105 64 as well as in electronic form on the website of the Bank (http://www.piraeusbank.gr ). For further information please contact the Bank's Shareholders' Department during working days and hours, tel.: +30 210 33 35 581, Mrs Evgenia Rizeakou.