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PIRAEUS BANK S.A.

PURCHASE OF OWN SHARES

July 21, 2008

Piraeus Bank announces that following the decision of the Annual Ordinary General Shareholders' Meeting (dated 3.4.2008) and the resolution of the Board of Directors (dated 4.4.2008), it purchased own shares, through the ATHEX member Piraeus Securities S.A., as follows:

a) On 14/7/2008 the Bank purchased 26.000 shares, with average cost price euro 17,89 per share and total purchase price 465.080,00 euro

b) On 15/7/2008 the Bank purchased 170.000 shares, with average cost price euro 16,90 per share and total purchase price 2.873.786,00 euro

c) On 16/7/2008 the Bank purchased 12.754 shares, with average cost price euro 16,72 per share and total purchase price 213.276,24 euro



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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