PIRAEUS FINANCIAL HOLDINGS S.A.

Press Release - Interest Rate Reduction of Consumer and Business Loans.

Piraeus Bank announces the reduction by 0,25% of the Basic Consumer Loans Interest Rate and by 0,25% of the Basic Business Loans Interest Rate.
Furthermore, the Bank reduces the Interest Rates for open deposit accounts by an average of 0,10%.
The new interest rates will take effect from Tuesday, the 19th of May 2009.