Marfin Investment Group Holdings S.A. ("MIG") hereby announces that its subsidiary company Robne Kuce Beograd d.o.o. ("RKB") today signed a framework agreement for the disposal of a non-core real estate property (logistics centre) in Belgrade for a consideration of approximately €20 million to a European retail group.

The RKB portfolio consists of 33 department stores across central locations in Serbia's main cities, as well as 3 department stores in Montenegro, with a total surface area in excess of 250,000 square meters. The logistics centre represents less than 4% of the total value of the RKB portfolio, as per its last appraisal. The disposal is part of the ongoing rationalisation of RKB's portfolio.

Completion of the transaction is subject to the fulfillment of certain operational conditions and is expected to take place within the next 12 months.