In pursuance of the provisions of article 16, par. 10 of Law 2190/1920 and article 290, par. 2 of the ATHEX Regulation, Piraeus Bank S.A. announces its intention to acquire own shares, up to 10% of the total number of its shares, i.e. 21.487.043, during the period commencing on 25/04/2006 and ending on 12/04/2007. The minimum and maximum purchase value for the shares is between Euro 5 (minimum) and Euro 50 (maximum).