Marfin Popular Bank Public Co. Ltd (the “Bank”) announces that its Board of Directors at a meeting held today, has elected as new Non Executive Members Messrs Michael Sarris and Chris Pavlou.

Following the recommendation of the Non Executive Chairman Constantinos Mylonas, the Board of Directors of the Bank elected Michael Sarris as Non Executive Chairman as from January 1^st, 2012.  The Board of Directors expressed their sincere thanks to Mr Constantinos Mylonas for the valuable services he offered and continues to offer to the Marfin Popular Bank Group.

The full constitution of the Board of Directors and its Committees will be decided at a new Meeting of the Board to be held over the next few days.

Following a request of shareholder “Marfin Investment Group S.A.” based on the Cyprus Companies Law and the Articles of Association of the Bank, the Board of Directors has convened an Extraordinary General Meeting of the Shareholders on February 8^th, 2012 with the following resolutions: (a) Dismissal of the Members of the Board of Directors and (b) Election of Members of the Board of Directors.  

At the same Extraordinary General Meeting the Board of Directors will also submit resolutions for the recapitalisation of the Bank.