In accordance with the relevant regulations of the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission, Marfin Popular Bank Public Co Ltd wishes to inform the investment community that on the basis of preliminary indications, the level of the total provisions for impaired loans for the financial year 2011 will be higher than the previous year, primarily due to the loan portfolio of the Greek operations.

Given the significant deterioration of the economic conditions in Greece and the implemented drastic austerity measures, an impairment of goodwill relating to the Greek operations is also anticipated.  It should be noted, that any such impairment of goodwill will not affect the existing capital base of the Group, as goodwill is already deducted from the regulatory capital in accordance with the Central Bank of Cyprus regulations.