Piraeus Bank S A : Reconstitution of the Board of Directors

Piraeus Bank announces that its Board of Directors on its meeting of May 28^th, 2020, and upon recommendation of the Board Nomination Committee, elected Mr. Vassileios Koutentakis, Executive General Manager, as new Executive Member, for the remaining tenure of the Board of Directors, in replacement of a previous resigned Member. The forthcoming General Meeting of the Shareholders of the Bank will be informed of the election of the new member of the Board of Directors.

Further to the above, the Board of Directors was reconstituted as a corporate body and appointed Mr. Vassileios Koutentakis as new Executive Member of the Board of Directors of the Bank.

Pursuant to the above, the composition of the Board of directors is as follows:

Non - Executive Chairman of the Board

-George Handjinicolaou, father's name Peter

Vice - Chairman

-Karel De Boeck, father's name Gerard, Independent Non - Executive Member

Executive Board Members

-Christos Megalou, father's name Ioannis, Managing Director (CEO)

-Vassileios Koutentakis, father's name Dimitrios, Executive Member

Independent Non - Executive Board Members

-Kontogouris Venetia, father's name Gerasimos, Independent Non - Executive Member

-Arne Berggren, father's name Sten, Independent Non - Executive Member

-Enrico Tommaso Cucchiani, father's name Clemente, Independent Non - Executive Member

-David Hexter, father's name Richard, Independent Non - Executive Member

Non - Executive Board Members

-Solomon Berahas, father's name Albert, Non - Executive Member

-Alexander Blades, father's name Zisis, Non - Executive Member

-Periklis Dontas father's name Nikolaos, HFSF Representative under Law 3864/2010

The Board of Directors resolution dated 27.03.2020 on the representation of the Bank remains in full force and effect.

Athens, 28 Μay 2020