Piraeus Bank informs the investors that by virtue of the Decision 393/21.6.2006 of the General Manager of the Capital Markets Commission it was resolved:
1. The granting of license to the petitioner company PIRAEUS BANK S.A for the initiation of the disposal of 7.713 shares, being undisposed fractional residue, which resulted from the share capital increase of the petitioner following the absorption of the company HELLENIC INVESTMENT COMPANY S.A.
2. The appointment of the company PIRAEUS SECURITIES S.A as the competent member of the Athens Stock Exchange in respect of the disposal of the aforementioned shares.
3. The disposal of the shares will take place on Monday, 17 July 2006, in accordance with the provisions of article 99 of the Regulation of the Stock Exchange. The starting price for the disposal of the shares, as determined by PIRAEUS BANK S.A, cannot be lower than the closing price of the day preceding the disposal date by a percentage of more than three per cent (3%).
4. The Member is obliged, on the same date, to inform PIRAEUS BANK S.A, the Central Depository and the Capital Markets Commission in respect of the outcome of the disposal.
Following the consummation of the disposing procedure, PIRAEUS BANK S.A will release a new announcement regarding the outcome of the disposal as well as the process to be followed by the beneficiaries in order to collect the amount they are entitled to from the Deposit and Loans Fund.