February 5, 2007 Piraeus Bank, on account of the announcement issued by Marfin Popular Bank Public Co. Ltd's Board of Directors and dated 5.2.2007, would like to issue the following statement:
The public offer submitted by Piraeus Bank has been approved both by the Cyprus Stock Exchange and the Cyprus Securities & Capital Market Commission and is currently in progress. The Public Offer Document (Information Memorandum) to be made publicly available on 7 February 2007, will fully present and substantiate why the proposed consideration of 1 Piraeus Bank share for 5,70 MPB shares is fair and reasonable.
Furthermore, Piraeus Bank always discloses its financial statements in a timely manner and such financial information is audited by its certified auditors and is under the supervision of the relevant Regulatory Authorities.
