2 March 2012. Piraeus Bank S.A. (the Bank) announced today its invitation to (a) holders of the outstanding
€200,000,000 Series A Floating Rate Non-Cumulative Guaranteed Non-Voting Preferred Securities of
Piraeus Group Capital Limited (ISIN: XS0204397425) (the Preferred Securities) to tender their Preferred
Securities for purchase by the Bank for cash and (b) holders of the outstanding €400,000,000 Subordinated
Callable Step-up Floating Rate Notes due 2016 of Piraeus Group Finance PLC (ISIN: XS0261785504) (the
Lower Tier 2 Notes and, together with the Preferred Securities, the Securities) to tender their Lower Tier 2
Notes for purchase by the Bank for cash (each an Offer and together the Offers).
The Offers are being made on the terms and subject to the conditions contained in the tender offer
memorandum dated 2 March 2012 (the Tender Offer Memorandum) prepared by the Bank, and are subject
to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum.
Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender
Agent as set out below. Capitalised terms used in this announcement but not defined have the meanings
given to them in the Tender Offer Memorandum.
ISIN /
Common Code
Outstanding Nominal
Amount / Liquidation
Preference * Purchase Price
Amount subject to the
relevant Offer
Preferred Securities XS0204397425 /
020439742 €158,636,000 37 per cent. Any and all
Lower Tier 2 Notes XS0261785504 /
026178550
€330,172,000 50 per cent. Any and all
