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 to the investor community that on the 28th of April 2011 "PPF Group N.V." acquired 5.72% of voting rights (variation greater than 5% of the total number of voting rights of the Bank), held indirectly through the shareholder "Clearstream Banking S.A.", acting as custodian of "PPF Group N.V.".
The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was below the minimum limit of 5%, the total number of voting rights was below the minimum limit of 5% and the total percentage of the voting rights was below the minimum limit of 5%.
The voting rights attached to shares following the triggering transaction are as following: the total number of voting rights is 65,412,930 (held indirectly) and the total percentage of the voting rights is 5.72% (held indirectly).