PIRAEUS FINANCIAL HOLDINGS S.A.

purchase of own shares

Piraeus Bank announces that following the decision of the Annual Ordinary General Shareholders' Meeting (dated 3.4.2008) and the resolution of the Board of Directors (dated 4.4.2008), on 20/8/2008 it purchased 9.941 own shares, through the ATHEX member Piraeus Securities S.A., with average cost price euro 17,46 per share and total purchase price euro 173.542,84.