Advisor for the Issue: Investment Bank of Greece S.A.

The Board of Directors of Marfin Financial Group announces the following:
1. The 2nd Repeating Extraordinary Shareholders General Meeting of 29.09.05 approved the share capital increase of the company in cash without priority rights to existing shareholders by the amount of euro 206.500.000 through the issue of 25.000.000 new common registered shares of a par value equal to euro 8,26 per share. The new shares have been allocated to strategic and institutional investors in Greece and abroad at the price of euro 16 per share. After the completion of the aforesaid increase, the share capital of the company amounts to euro 413.000.000 and is divided into 50.000.000 common registered shares of a par value equal to euro 8,26 per share. The total proceeds of the issue amounts to euro 400.000.000. The difference between the price of the issue and the par value of the share, amounting to euro 193.500.000, will be attributed to the "Reserves following Issue of Shares above par value" according to the Law and the Articles of Association of the comp any.
2. The Hellenic Capital Market Committee approved the prospectus of the share capital increase on 14.12.2005. The prospectus will be published on Monday, 19.12.2005 in electronic form in the web sites of the company (www. marfingroup.gr) and the AthEx (www.ase.gr).
3. The relevant decision (No K2 - 11423) of the Ministry of Development was filed with the Registry of Societe Anonyms on 23.11.2005.
4. The new shares are in dematerialised form and entitled to 2005 dividend.
5. The company will make e separate announcement of the date of commencement of trading in the AthEx. On the same date, the starting trading price of the shares will be adjusted pursuant to Regulation of the AthEx and any orders executing the Regulation.
6. For any information, the shareholders may contact Mrs. Julia Katsikadakou, who serves at the Shareholder Information Department of the company, Tel.: Fax: 210 6893450.