PIRAEUS PORT AUTHORITY SA

Announcement of sale of dividend

Piraeus Port Authority S.A. announces that, according to article 279 of the Athens Exchange (ASE) Regulation, and following the decision of the Annual General Meeting of shareholders on 1st June 2007, the dividend for the corporate use 2006 amounts to Euro 0.16 per share. Dividends are entitled to the Company's shareholders as at the end of the Athens Exchange session of Thursday 19/7/2007. Ex-dividend date is Friday 20/7/2007. As from that date, the company's shares will be traded at the ASE without a dividend right. The dividend shall be paid on 30/7/2007 by EFG EUROBANK Ergasias bank S.A., as follows: 1. Through the Dematerialised Securities System operators according to article 329 of ASE Regulation and the article 39 of the Central Security Depository regulation. 2. Through the branches of EFG EUROBANK Ergasias S.A., for those shareholders who have requested an exemption from their DSS operator. 3. For those shareholders, who, for any reason, cannot be credited through their operators, dividend payment can be received in person or through their legal representatives from EFG EUROBANK Ergasias throughout its branch network, upon presenting their identity card or a dully authenticated authorization in case of a proxy and the printout of their DSS investment code number. The DSS operators are kindly requested to contact with EFG EUROBANK ERGASIAS, Iolkou 8 st., 142.34 N.Ionia (Mr. Dionisis Galanopoulos, tel. 2103523442). Dividends not collected within five years are written off in favor of the Greek State. For additional information, shareholders may contact the company's Investor Relations Department, (tel. 2104550226-7, 10 Akti Miaouli st., Piraeus 185 38).