"MARFIN INVESTMENT GROUP HOLDINGS S.A." hereby announces that the Ordinary General Meeting of Shareholders of the Company was held on 26.5.2008, with 115 shareholders representing 35.513% of the Company's share capital being present in person or by proxy. The following items on the Agenda were discussed at the Meeting:
1. Submission and approval of the Individual and Consolidated Annual Financial Statements for the fiscal year 2007, of the Management Report of the Board of Directors and the Audit Report of the Chartered Accountant - Auditor. - It was resolved that the Individual and Consolidated Annual Financial Statements for the fiscal year 2007, the Management Report of the Board of Directors and the Audit Report of the Chartered Accountant - Auditor be approved.
2. Discharge of the members of the Board and Chartered Accountant - Auditor from all liability in respect of the fiscal year 2007. - It was resolved that the members of the Board and the Chartered Accountant - Auditor be discharged from all liability in respect of the fiscal year 2007.
3. Appointment of an Auditing Firm, as well as of an ordinary and a substitute Chartered Accountant - Auditor from the Body of Chartered Accountants for the fiscal year 2008. Determination of their remuneration. - It was resolved that the ordinary audit of the company for the fiscal year 2008 be assigned to the Auditing Firm Grant Thornton S.A. Mr. Sotirios Constantinou was appointed as ordinary auditor and Mr. Manolis Michalios was appointed as substitute. Finally, the Board of Directors was authorized to determine the remuneration of the appointed Chartered Accountants-Auditors.
4. Submission and approval of the Report of the Nomination and Remuneration Committee to the Ordinary General Meeting of Shareholders. - The General Meeting was advised on issues of the Nomination and Remuneration Committee.
5. Increase of the Company's share capital through capitalization of reserves of the Company, with respective increase of the nominal value of the share. Amendment of article 5 para. 1 of the Company's Articles of Incorporation. - It was unanimously resolved that the Company's share capital be increased through capitalization of a reserve above par in the amount of euro 283,938,175.88, with respective increase of the nominal value of each share by the amount of euro 0.38, i.e. from euro 0.54 to euro 0.92. After that, the share capital of the Company will amount to euro 687,429,267.92, divided into 747,205,726 registered shares of a par value of euro 0.92 each. Finally, it was unanimously resolved to amend article 5 para. 1 of the Company's Articles accordingly.
7. Harmonization of the Company's Articles with the provisions of codified law 2190/1920 "On societes anonymes", as in force following its amendment by Law 3604/2007. - Amendment of articles 5 (Share capital), 6 (Shares), 7 (Rights and Obligations of the Shareholders), 8 (Minority Rights - Extraordinary Audit), 10 (Convocation of the General Meeting), 11 (Notice - Agenda of the General Meeting), 12 (Deposition of Shares - Representation), 14 (Simple quorum and majority at the General Meeting), 15 (Special quorum and majority at the General Meeting), 16 (Chairman - Secretary of the General Meeting), 17 (Agenda - Minutes), 19 (Composition and term of the Board of Directors), 20 (Powers - Competence of the Board of Directors), 22 (Substitution of member of the Board of Directors), 23 (Convocation of the Board of Directors), 24 (Representation of Members - Quorum - Majority), 25 (Minutes of the Board of Directors), 26 (Compensation of members of the Board of Directors), 27 (Non-competition clause), 28 (Auditors), 30 (Annual Financial Statements), 31 (Profit Distribution), 32 (Reasons for winding-up) and 33 (Liquidation), as well as of any other relevant provision of the Company's Articles of Incorporation. - The recommended amendments to the aforementioned articles of the Company's Articles of Incorporation were approved, with a draft thereof having already been published in electronic form at the Company's website and at the website of the Stock Exchange of Athens.
8. Approval of the appointment of new Board members in replacement of resigned ones. - The appointment of Abdulhakeem Kamkar as new Executive Member of the Board of Directors in replacement of the resigned member Thomas Volpe, resolved by the Board of Directors at its meeting of 10.5.2007, was unanimously approved.
9. Election of new Board of Directors. - Appointment of Independent Members. - It was unanimously resolved that a new Board of Directors be appointed, comprised by the same members as the current Board, i.e. Messrs. Manolis Xanthakis, Soud Ba' alawy, Andreas Vgenopoulos, Dionyssios Malamatinas, George Efstratiadis, John Karakadas, Panaghiotis Throuvalas, Sayanta Basu, Abdulhakeem Kamkar, Constantinos Los, Marcos Foros, George Lassados, Nicolas Wrigley, Costas Grammenos and Alexandros Edipidis. Messrs. Constantinos Los, Marcos Foros, Costas Grammenos and Alexandros Edipidis were appointed as Independent Members. The term of the Board of Directors according to the Company's Articles will be for five years. In any case, the Board of Directors intends to include the election of members in the agenda of the General Meeting to be convoked upon completion of each annual term.
10. Appointment of Members of the Nomination & Remuneration Committee of the Company. - It was unanimously resolved that a new Nomination & Remuneration Committee be appointed, consisting of Messrs. Nicolas Wrigley, Constantinos Los and Marcos Foros.
11. Regulation of the co-operation with the Advisory Board. - The Board of Directors was authorized to regulate the co-operation with the Advisory Board at their discretion. The relevant resolution was unanimously adopted, with a dissenting minority of 4 shareholders representing 0.0467% of the share capital represented at the General Meeting, and with 4 shareholders abstaining, representing 5.080% of the share capital represented at the General Meeting.
12. Approval of contracts and remunerations in accordance with articles 23a and 24 of codified law 2190/1920. - The remunerations paid to Members of the Board during the previous fiscal year were approved pursuant to the provisions of article 24 para. 2 of codified law 2190/1920, as in force. The preliminary approval of remuneration to Members of the Board in respect of services provided during the current fiscal year was further resolved. The relevant resolutions were unanimously adopted, with a dissenting minority of 4 shareholders representing 0.0467% of the share capital represented at the General Meeting, and with 4 shareholders abstaining, representing 4.8504% of the share capital represented at the General Meeting.
Discussion of item 6 (Reduction of the Company's share capital by cash refund to the shareholders, through a respective decrease of the nominal value of each share. Further amendment of article 5 para. 1 of the Company's Articles.) was impossible, as the quorum required by article 29 para. 3 of codified law 2190/1920 and the Company's Articles, was not attained. Pursuant to the Notice of the Board of Directors dated 30.4.2008, the shareholders are invited to appear at the 1st Reiterative Ordinary General Meeting to be held on Monday, June 9th 2008, at 17:00 hours and at the same premises, in order to discuss and deliberate on the above item.