MARFIN INVESTMENT GROUP:
- BOARD OF DIRECTORS PROPOSAL FOR A SHARE CAPITAL INCREASE OF EURO 5 BILLION

- TAKE FULL ADVANTAGE OF THE EMERGING INVESTMENT OPPORTUNITIES IN GREECE AND SOUTH EAST EUROPE, WITH PARTICULAR FOCUS ON THE BANKING SECTOR

- ISSUANCE OF 834m NEW SHARES AT EURO 6 PER SHARE TO TAKE PLACE VIA A PRIVATE PLACEMENT

The Board of Directors of MARFIN INVESTMENT GROUP ("MIG" or the "Company") has decided to convene an Extraordinary General Meeting of the company's shareholders ("EGM") on 27 October 2008 with main agenda item a proposed share capital increase without pre-emption rights in favor of current shareholders. At the EGM, where all final decisions will be made, the Board of Directors will propose a share capital increase of Euro 5,004,000,000 through the issuance of 834,000,000 new shares at a price of Euro 6 per share. Should the EGM grant all necessary approvals, the new shares will be distributed via a private placement to strategic and/or institutional investors at the discretion of the Board of Directors.
In July 2007, MIG successfully completed a share capital increase of Euro 5.2bn. Our timely assessment of the prolonged nature of challenging market conditions was the key factor behind the adoption of a defensive strategy since October 2007 thus enabling us to achieve capital preservation. In its present form the group's portfolio consists of controlling stakes in a number of companies operating in defensive sectors (such as Healthcare, Food & Beverages etc.) and maintain leading positions in their respective fields. Furthermore, the group maintains virtually zero leverage and liquidity of approximately Euro 1 billion. The group's liquidity is further enhanced by approximately Euro350m excess liquidity related to the group's companies.

MIG's Board of Directors believes that the ongoing market conditions will eventually result in a series of significant investment opportunities both in Greece and the SE European region, with particular emphasis the banking sector which should experience some degree of consolidation, along the trends we are seeing in other key areas of the world.
Commenting on the prospective share capital increase of MIG, the company's Executive Vice-Chairman, Mr. Andreas Vgenopoulos, made the following statement: "We live in a world of unprecedented market volatility and uncertainty. In this environment we are starting seeing some potentially very attractive opportunities which should increase both in scope and number over the short and medium term. With our existing cash resources coupled with the proceeds from our share capital increase under way, we are ideally placed to take advantage of these opportunities aiming to maximise returns for our shareholders. Our new investment strategy will primarily focus on the financial sector in Greece and the wider SEE region whereby in the consolidation round which will follow we can act as the partner of choice for counterparties in friendly transactions. Based on our track record to date and the success we have enjoyed in utilising the proceeds of our previous two share capital increases, we are confident we will once again create significant value for our shareholders".