Press Releases: Greece

PIRAEUS BANK S.A.
Announcement
May 22, 2008 Piraeus Bank announces that Mr. Georgios Provopoulos, Vice Chairman and Managing Director, submitted its resignation on the Board of Directors meeting held on May 21, 2008. The Bank's Board of Directors will elect a new member in constitution of the resigned on a next meeting.
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.