Piraeus Bank announces that on January 19th, 2011 "SHENT ENTERPRISES LIMITED" bought in the Athens Exchange 1.449.056 pre-emption rights in the Piraeus Bank current rights issue, for the aggregate amount of euro 1.666.414,40. "SHENT ENTERPRISES LIMITED" is, pursuant to the provisions of Law 3340/2005 and Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission, a related legal entity with Mr Michalis Sallas son of Georgios, Chairman of the Board of Directors & Chief Executive Officer of Piraeus Bank.