Further to the announcement of PIRAEUS BANK S.A. (hereinafter "the Bank") dated 22.12.2014, with regards to the exercise process of the titles representing share ownership rights (hereinafter the "Warrants"), the Bank announces that following the settlement of the Warrants exercise orders, in total 3,568  Warrants on shares issued by the Bank and owned by the Hellenic Financial Stability Fund (HFSF) have been exercised.

The exercised Warrants correspond to 15,969 common shares of the Bank, or 0.00026% of the total shares outstanding, increasing commensurately the Bank's free float. The total consideration paid by the Warrant holders to the HFSF amounts to EUR 28,911.87.

Consequently, the issued Warrants currently outstanding amount to 843,637,022 and correspond to 4,084,163,363 shares of the Bank owned by the HFSF, as analyzed in the table below: 

Number of Warrants issued and currently outstanding                    

843,637,022

Multiplier (number of Piraeus Bank shares corresponding to the exercise of one warrant) 

4.47577327722

Number of common shares owned by the HFSF  / Percentage of total share capital

4,084,163,363

66.93%

Number of common shares owned by private investors  / Percentage of total share capital

2,017,816,352

33.07%

Total number of outstanding common shares  / Percentage of total share capital

6,101,979,715

100.00%

No fractional balances have arisen from the 3rd exercise. 

Athens, 07 January 2015

DISCLAIMER

All data and information herein are provided solely for the purposes of information and compliance with legal obligations of Piraeus Bank and do not, in any way, constitute provision of investment advice or invitation for investment in the above mentioned securities.Certain of the information contained herein regarding the Warrants are based on the current legislative framework which may change. Piraeus Bank does not assume any liability for any changes in the legislative framework governing the Warrants. 

This release is not an offer of securities for sale in the USA, Australia, Canada, South Africa, Japan or in any jurisdiction in which such offer is unlawful. Securities may not be offered or sold in the USA absent registration under the US Securities Act of 1933 (the "Securities Act") or an exemption from registration.  Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. The securities referred to herein have not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan. 

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