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 28th 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 15,54558% of the total number of voting rights of the Bank, namely 51.229.476 voting rights. The threshold crossed by the person subject to the notification obligation is 15%.
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 43.796.074 and the total percentage of the voting rights was 13,28991%.
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 51.120.029 (indirectly) and the total percentage of the voting rights amounts to 0,03321% (directly) and 15,51237% (indirectly).
Mr. Georgios Liakopoulos will discontinue possessing 51.120.029 voting rights on 01.05.2009.
From the total number of 51.120.029 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting of 30.04.2009, the 45.218.659 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.