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 13th of May 2010 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mrs Kyriaki Fragalexi) during the Ordinary General Meeting of Piraeus Bank on 19.05.2010, amounted to 13,46890% of the total number of voting rights of the Bank, namely 45.292.221 voting rights 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 26.471, the total number of voting rights was 39.556.033 and the total percentage of the voting rights was 11,76308%.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares amounts to 26.471 (directly), the total number of voting rights amounts to 26.471 (directly) and 45.265.750 (indirectly) and the total percentage of the voting rights amounts to 0,00787% (directly) and 13,46103% (indirectly).
Mrs. Kyriaki Fragalexi will discontinue possessing 45.265.750 voting rights on 20.05.2010.
The aforesaid 45.265.750 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting on 19.05.2010 are identical to the voting rights held by the obligor Mr. Georgios Liakopoulos, given that they can be exercised separately by either of the two obligors.