MIG HOLDINGS S.A.

Announcement

This announcement and the information contained herein is restricted and is not for publication, release or distribution in whole or in part to US persons or in or into the United States, Canada, Australia or Japan. This announcement is an advertisement and not a prospectus.

This announcement is not an offer of securities for sale in the United States or in any other jurisdiction. The shares of Marfin Investment Group Holdings S.A ("MIG" or the "Company") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended. There will be no public offering of the shares in the United States.

Investors may only subscribe for or purchase any shares referred to in this announcement on the basis of information in the prospectus (the "Prospectus") to be published by the Company in due course in connection with the rights offering described below (the "Rights Offering") and subsequent private placement to investors in Greece in accordance with the relevant provisions of the Greek law and to institutional investors and certain intermediaries internationally of shares not subscribed for under the Rights Offering (the "Global Offering") and the admission of its new common registered shares comprised in the Rights Offering and the Global Offering ("New Shares") to the securities market of the Athens Exchange.

On the occasion of the opening of trading of the pre-emption rights in the share capital increase of our Company that is currently underway, we want to recommend to investors to study carefully the approved by the Hellenic Capital Market Commission Prospectus and take into consideration all the available information including financial data, current operations and prospects of the Company in order to form a clear opinion before reaching any investment decision.

It is pointed out that on the condition that the present euro 5.19 billion share capital increase will be entirely covered, the Company's own equity will be euro 5,33.

Marfin Popular Bank, as the main shareholder of the Company, taking into consideration the current conditions of the market, advised the Company, that intends to sell pre-emption rights and/ or shares of the Company through the Athens Exchange.