MIG HOLDINGS S.A.

Commenting on Publication

In reply to the letter of the Capital Market Commission dated 23.11.2009, regarding a web publication referring to environment-linked investments of the Company, MARFIN INVESTMENT GROUP wishes to announce that it has reached an advanced stage of negotiations with a leading multi-national group, aiming at concluding a deal with common aspects with those related by the publication in question. As repeatedly stated in the past, MARFIN INVESTMENT GROUP will make official announcements pursuant to applicable laws.