Piraeus Bank announces that on January 24th, 2011 "AUTOHELLAS SA" bought in the Athens Exchange 500.000 pre-emption rights in the Piraeus Bank current rights issue, for the aggregate amount of euro 648.772,58 "AUTOHELLAS SA" 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 Eftyhios Vassilakis father's name Theodoros, Non - Executive Member of the Board of Directors of the Bank.