Marfin Investment Group hosted a conference call for investors yesterday where the 2008 annual results of the group were presented. During this call, management provided a detailed overview of both the results as well as the prospects of the group for the next fiscal year. In addition, the latest developments relating to the already announced share capital increase of the group were discussed. Management informed investors that it remains committed to completing the capital raising for investment in the SEE banking sector, but in conjunction with the financial advisors of the company, it is currently reassessing the timing and structure of the said capital raising. Given the prevailing market conditions, it a share capital increase at euro 5 per share, as already approved by the company's EGM, cannot be materialized while management does not believe it is in the interest of MIG's shareholders to complete a share capital increase at a price lower than euro 5 per share.
Management has committed that within April final decisions regarding the timing and structure of the capital raising will be made.