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 17th of December 2010 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mr Georgios Liakopoulos) during the 2nd Iterative Extraordinary General Meeting of Piraeus Bank on 20.12.2010, amounted to 27,94042% of the total number of voting rights of the Bank, namely 93.955.970 voting rights. The threshold crossed by the person subject to the notification obligation is 25%.
The voting rights attached to shares prior the triggering transaction are as following: The total number of voting rights was below the minimum limit and the total percentage of the voting rights was below the minimum limit.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares amounts to 111.775 (directly), the total number of voting rights amounts to 111.775 (directly) and 93.844.195 (indirectly) and the total percentage of the voting rights amounts to 0,03323% (directly) and 27,90718% (indirectly).
Mr. Georgios Liakopoulos will discontinue possessing 93.844.195 voting rights on 21.12.2010.
From the total number of 93.844.195 voting rights which the obligor may exercise in his capacity as proxy during the 2nd Iterative Extraordinary General Meeting on 20.12.2010, 56.867.086 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.