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 January 15, 2009 Mr Stylianos Golemis son of Dimitrios, Non-Executive Member of the Board of Directors, bought in the Derivatives Market of the Athens Exchange 988 stock repo contracts for the aggregate amount of Euro 474.24.