PIRAEUS FINANCIAL HOLDINGS S.A.

NOTIFICATION OF IMPORTANT CHANGES CONCERNING THE VOTING RIGHTS DERIVING FROM SHARES UNDER L.3556/2007

Pursuant to the provisions of L.3556/2007, Piraeus Bank notifies investors that on the 24th of April 2009 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mr Georgios Liakopoulos) during the Ordinary General Meeting of Piraeus Bank of 30/04/2009, amounted to 13,28991% of the total number of voting rights of the Bank, namely 43.796.074 voting rights. The threshold crossed by the person subject to the notification obligation is 10% and it occurs change greater than 3%.
The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 109.447, the total number of voting rights was 26.813.979 and the total percentage of the voting rights was 8,1367%.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares amounts to 109.447(directly), the total number of voting rights amounts to 109.447 (directly) and 43.686.627 (indirectly) and the total percentage of the voting rights amounts to 0,03321% (directly) and 13,25670% (indirectly).
Mr. Georgios Liakopoulos will discontinue possessing 43.686.627 voting rights on 01.05.2009.
From the total number of 43.686.627 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting of 30.04.2009, the 37.785.257 are identical to the voting rights held by the obligor Mrs Kyriaki Fragalexi, given that they can be exercised separately by either of the two obligors.