MIG HOLDINGS S.A.
Announcement
Further to the announcement of 21.12.2009 and upon a relevant query from the Capital Market Commission, "MARFIN INVESTMENT GROUP HOLDINGS SA" (the "Company") hereby announces that the total price of transfer of its holding in the share capital of "RADIO A. KORASIDIS SA" to "LILAVOIS TRADING LIMITED" amounted to EUR 35,720,802.97. The total price will be repaid in five (5) years, in four (4) equal annual instalments, the first of which will be paid in two (2) years from the date of the transfer. The transfer will not have a negative impact on the consolidated financial statements of the Company. Apart from the recorded loss of EUR 96.8 million, which encumbers the income statement and equity capital (as reflected in the published consolidated financial statements of the Company for the year end 30.09.2009, an accrual of further accounting loss is contemplated in the amount of EUR 3.7 million approximately from consolidation of the above company's financial results until the date of transfer.
The Company and the members of its Board of Directors have no relation whatsoever with the acquiring Cypriot company.
The Company and the members of its Board of Directors have no relation whatsoever with the acquiring Cypriot company.