In pursuance of the provisions of article 16, par. 10 of Law 2190/1920 and article 290, par. 1 of the ATHEX Regulation, Piraeus Bank S.A. announces that its Annual General Meeting of Shareholders, which convened on 12.04.2006, approved, inter alia, the purchase of its own shares via a stock exchange transaction in order to support their price, according to the provisions of article 16, par. 5 to 14, of Law 2190/1920, up to 10% of the total number of its shares, i.e. 21.487.043. The minimum and maximum purchase value for the shares is between Euro 5 and Euro 50, while the purchase will take place within a year from today (i.e. the latest until 12.04.2007). The above maximum number of shares will rise to 26.858.804 shares in the event of capital share increase by an Iterative General Meeting, so that the maximum number of shares to be acquired corresponds to 10% of the total share capital, following its impending increase.