The Board of Directors of the Company under the name "MARFIN INVESTMENT GROUP HOLDINGS S.A." (the "Company") hereby informs investors that the Reiterative Extraordinary General Meeting of shareholders, held on April 8th 2008, decided, among other things, on the reduction of the Company's share capital by the amount of forty four million seven hundred five thousand two hundred eleven euros and sixty six cents (euro 44,705,211.66), with reduction of the total number of shares from 829,993,155 to 747,205,726 common registered shares, due to cancellation of own shares, pursuant to article 16 of codified law 2190/1920, as in force at the time of adoption of said resolution by the Extraordinary General Meeting of shareholders of the Company on 25.7.2007, by virtue of which the above shares were acquired.
The aforementioned eighty two million seven hundred eighty seven thousand four hundred twenty nine (82,787,429) shares were acquired during the period from 7.8.2007 until 29.2.2008 in execution of the decision of the Extraordinary General Meeting of the Company's Shareholders of 25.7.2007 and the decision of the Board of Directors adopted on 31.7.2007.
Following the above reduction, the Company's share capital currently amounts to four hundred three million four hundred ninety one thousand ninety two euros and four cents (euro 403,491,092.04), divided into seven hundred forty seven million two hundred five thousand seven hundred twenty six (747,205,726) shares of a par value of fifty four cents (euro 0,54) each.
On 24.4.2008, decision nr. K2-5198/24.4.2008 of the Minister of Development, approving the amendment of the relevant article of the Company's Articles of Incorporation, was filed with the Companies Registry. The Board of Directors of the Stock Exchange, at its meeting of 6.5.2008, was informed of the aforementioned reduction of the share capital due to reduction of the number of the shares of the Company.
Following the above, upon decision of the Company's Board of Directors, the aforementioned 82,787,429 shares of the Company will no longer be traded at the Stock Exchange as of 12.5.2008 and will be cancelled. As of that same date, the new total of shares of the Company which are traded at the Stock Exchange amounts to 747,205,726 common registered shares and their initial price at the Stock Exchange will be set in accordance with the Regulation of the Stock Exchange of Athens.
For more information, all shareholders are kindly requested to refer to the Shareholders Service Department of the Company (tel. 210-7710383, Mrs. Spanaki / Mr. Sgagias).