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NOTIFICATION OF IMPORTANT CHANGES CONCERNING THE VOTING RIGHTS DERIVING FROM SHARES UNDER L.3556/2007.

January 16, 2009

Pursuant to the provisions of L.3556/2007, Piraeus Bank notifies investors that on the 14th of January 2009 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mr Georgios Liakopoulos) during the Extraordinary General Meeting of Piraeus Bank of 23/01/2009, amounted to 10,78578% of the total number of voting rights of the Bank, namely 35.543.820 voting rights. The threshold crossed by the person subject to the notification obligation is 10%.

The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 109.447, the total number of voting rights was 26.552.910 and the total percentage of the voting rights was 8.05748%.

The voting rights attached to shares following the triggering transaction are as following: The total number of shares amounts to 109.447(directly), the total number of voting rights amounts to 2.992 (directly) and 35.540.828 (indirectly) and the total percentage of the voting rights amounts to 0,00091% (directly) and 10,78487% (indirectly).

Mr. Georgios Liakopoulos, as proxy holder, will discontinue possessing 35.540.828 voting rights on 24.01.2009.

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.