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PIRAEUS BANK S.A.

Start of acceptance period for Piraeus Bank's public offer to Marfin Popular Public Co. Limited shareholders

February 6, 2007 Piraeus Bank announces that the period for acceptance of its public offer to Marfin Popular Bank Public Co. Ltd shareholders will be open from tomorrow 7.2.2007 in accordance with the terms of the public offer. The acceptance period is scheduled to remain open up to and including the 23rd of March 2007. Starting tomorrow, Marfin Popular Bank's shareholders may obtain free of charge the Public Offer Document (Information Memorandum) from the designated distribution points, namely:

1. "The Cyprus Investment and Securities Corporation Ltd" ("CISCO"), (Eurolife House, 4 Evrou street, Nicosia, ΤΚ 20597-CY 1660).
2. Piraeus Bank SA, (4 Amerikis street, 105 64 Athens)
3. Selected Branches of Bank of Cyprus Public Company Limited in Cyprus (Nicosia, Limassol, Larnaca, Pafos).

Full and detailed information on the consideration offered is set out in pages 11-18 of the Public Offer Document (Information Memorandum).



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.

     




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