PIRAEUS BANK S.A. announces that its Ordinary General Meeting of shareholders, which convened on 07.4.2005, approved, inter alia, the purchase of its own shares in order to support their price, according to the provisions of article 16, par. 5 to 14, Law 2190/1920, up to 10% of the total number of its shares, i.e. 20,025,700 (including the previously acquired own shares of the Bank). The minimum and maximum purchase value for the aforesaid shares is between Euro 3.00 and Euro 33.00 per share, while the purchase will take place within a year from today (i.e. the latest until 07.04.2006).