Following its press release dated 5 February 2009, "MARFIN INVESTMENT GROUP Holdings S.A." ("MIG") announces that it has submitted to the advisors of the Hellenic Republic a binding bid for the acquisition of certain defined assets relating to Olympic Airlines S.A. and to the MRO activities of Olympic Airways Services S.A. and its subsidiary, Olympic Aviation (together the OAS Group) through the acquisition of Pantheon Airways S.A. and the MRO New Co respectively, in the framework of exclusive direct negotiations with the Greek government and its advisors. The offer submitted by MIG can be broken down as following: a) for the defined assets relating to Olympic Airlines S.A. an amount equal to euro 45.7 million whereas for the defined assets relating to the MRO activities of the OAS Group an amount equal to euro 16.7 million, and b) an amount equal to the Net Asset Value of Pantheon Airways S.A and of the MRO NewCo, to be created for the purposes of this transaction, at the time of signing of the relevant transaction documentation. MIG's binding bid is subject to the usual conditions precedent for this type of transactions among which is the approval of the final transaction terms by the company's Board of Directors.