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 May 2011 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mr Panagiotis Alexakis) during the Ordinary General Meeting of Piraeus Bank on 20.05.2011, amounted to 23.6610% of the total number of voting rights of the Bank, namely 270.522.455 voting rights. The threshold crossed by the person subject to the notification obligation is 20%.
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 voting rights amounts to 270.522.455 (indirectly) and the total percentage of the voting rights amounts to 23,6610% (indirectly).
Mr. Panagiotis Alexakis will discontinue possessing 270.522.455 voting rights on 21.05.2011.