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 21st of December 2010 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mrs Kyriaki Fragalexi) during the 2nd Iterative Extraordinary General Meeting of Piraeus Bank on 20.12.2010, descended the minimum limit. The threshold crossed by the person subject to the notification obligation is 5%.
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 56.893.557 and the total percentage of the voting rights was 16,91888%.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares is below the minimum limit, the total number of voting rights is below the minimum limit (directly and indirectly) and the total percentage of the voting rights is below the minimum limit (directly and indirectly) .
Mrs Kyriaki Fragalexi, as proxy holder, discontinued possessing 56.867.086 voting rights on 21.12.2010.