PIRAEUS FINANCIAL HOLDINGS S.A.
PRESS RELEASE
<br>No exposure of Piraeus Bank to the Lehman Brothers Group
Piraeus Bank Management, on the occasion of journalists' questions relating to the bankruptcy of Lehman Brothers and whether Piraeus Bank had any exposure whatsoever to Lehman Group, repeats the following:
-Piraeus Group did not possess of any bonds of the investment bank in question neither maintained any other form of inter-banking placement.
-Piraeus Group had no open transactions under the form of bonds or other agreements.
Finally, it should be mentioned that 25 Piraeus Bank Private Banking customers, possessed of Lehman bonds of total nominal value of euro 1.9 million.