Capital Link Greece | Investing In Greece

PURCHASE OF OWN SHARES

October 13, 2008

Piraeus Bank announces that following the decision of the Annual Ordinary General Shareholders' Meeting (dated 3.4.2008) and the resolution of the Board of Directors (dated 4.4.2008), on 10/10/2008 it purchased 426.000 own shares, through the ATHEX member Piraeus Securities S.A., with average cost price euro 11,05 per share and total purchase price euro 4.708.423,00.

For further information, please contact: Mr. George Marinopoulos, Investor Relations Unit at Tel.: (+30) 210 333 5198 - 5027, Fax:(+30) 210 333 5079, e- mail: investor_relations@piraeusbank.gr
Distributed by Capital Link Inc. in New York at (212) 661-7566. (Mr. Nicolas Bornozis, President). This information can be also accessed at Piraeus Bank website at www.piraeusbank.gr or Capital Link's website at www.capitallink.com with historical company news.