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 1st of May 2009 the percentage of voting rights attached to shares of its issuance which could have been exercised by proxy holder (Mrs Kyriaki Fragalexi) during the Ordinary General Meeting of Piraeus Bank of 30/04/2009, descended the minimum limit. The threshold crossed by the person subject to the notification obligation is 5%.
The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 25.920, the total number of voting rights was 52.379.976 and the total percentage of the voting rights was 15,89470%.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares is below the minimum limit, the total number of voting rights is below the minimum limit (directly and indirectly) and the total percentage of the voting rights is below the minimum limit (directly and indirectly).
Mrs Kyriaki Fragalexi, as proxy holder, discontinued possessing 52.354.056 voting rights on 01/05/2009.