In accordance with the provisions of Laws 3340/2005 and 3556/2007, of Decision 1/434/3.7.2007 and Circular Nr 33 of the Hellenic Capital Market Commission, "Piraeus Real Estate Investments S.A." announces that on May 13, 2008 "Piraeus Bank S.A." acquired in the Athens Exchange 2.000 common shares of Piraeus Real Estate Investments S.A. for the aggregate amount of Euro 3.675,00. Piraeus Bank is, pursuant to the provisions of Law 3340/2005, a related legal entity with Mr. George Provopoulos son of Athanasios, Chairman of the Board of Directors of Piraeus Real Estate Investments S.A. (Non Executive Member) and Vice Chairman and Managing Director of Piraeus Bank.