MARFIN INVESTMENT GROUP HOLDINGS S.A. hereby announces that the 2nd Re-iterative Extraordinary General Meeting of the Company's Shareholders was held on 8.4.2008, with 145 shareholders present or represented thereat, representing 39.817% of the Company's share capital. At the above Meeting, the following resolutions were adopted on the items on the Agenda:
1. Cancellation of owned shares with respective decrease of the Company's share capital. Respective amendment of article 5 para. 1 of the Company's Articles. - It was resolved that eighty two million seven hundred eighty seven thousand four hundred twenty nine (82,787,429) shares be cancelled, which had been acquired by the Company through the process of purchase of owned shares, pursuant to the decision of the Extraordinary General Meeting of Shareholders of 25.7.2007, of a total value of forty four million seven hundred five thousand two hundred eleven euros and sixty six cents (44,705,211.66 euro). As a result, the Company's share capital is decreased from euro 448,196,303.70 to euro 403,491,092.04 and the number of shares is reduced from 829,993,155 to 747,205,726.
2. Acquisition of owned shares in accordance with article 16 paras. 1 and 2 of codified law 2190/1920, as in force. - The acquisition of owned shares was resolved in accordance with article 16 paras. 1 and 2 of codified law 2190/1920, as in force, the nominal value of which shall not exceed one tenth (1/10) of the paid-up share capital, as same was formed upon the amendment effected by virtue of the resolution on the previous item on the Agenda, i.e. up to 74,720,572 shares, at the minimum acquisition price of one (1) euro per share and maximum acquisition price of thirteen (13) euros per share, throughout a period of one (1) year from the date of approval of the General Meeting's decision by the Minister of Development, and the Board of Directors was authorized to determine the details of that decision.