Piraeus Bank is informing the public that, by virtue of Resolution No. 24/433/28.6.2007 of the Board of Directors of the Capital Market Commission, the following has been decided: 1. To grant a permission to the issuer PIRAEUS BANK S.A. to auction 165,935 material registered shares deposited for dematerialization, and shares derived from corporate deals and issued in dematerialized form in favour of the holders of the material ones. 2. To appoint the company styled "PIRAEUS SECURITIES S.A." as the competent member of the Athens Stock Exchange to perform the auction of the shares in question. 3. The start date of the shares auction period is set to be Friday, 6 July 2007. The auction shall be performed according to the provisions of Resolution 1/380/4.5.2006 of the BoD of the Capital Market Commission and article 99Α of the Regulation of the Athens Stock Exchange. Piraeus Bank shall announce the results of every auction period, following the completion of the procedure, and inform by letter the share holders about the auction results, the amount deposited on their account in the Deposits and Loans Fund, as well as about the procedure, including the supporting documents necessary to collect such amount.