"MARFIN INVESTMENT GROUP HOLDINGS S.A." announces that the Board of Directors ("BoD") of the Company during its meeting on 13.10.2009 decided the following: Α) Issuance of a Convertible Bond Loan (hereafter "CBL") of total size up to Euro 402,861,139.74 through the issuance of up to 84,457,262 bonds, according to articles 3a and 13 of L.2190/1920, article 1 of L.3156/2003 and article 5 of the Company's Statutes. The bonds will be convertible into shares of the Company at a conversion price which will be 10% higher than the 5-day volume weighted average price of the Company's share price during the 5 trading days prior to the first day of trading of the CBLs on the Athens Exchange.
Shareholders of the Company will have pre-emption rights for all CBLs in the ratio of 1 bond for every 9 ordinary shares of the Company. The CBL will carry a coupon of 5% annually while its term will be for 5 years. In addition, it was decided that the CBLs will be listed on the Athens Exchange while CBL holders will be able to exercise their conversion rights on a quarterly basis from the first three months following the issuance of the CBLs. Completion of the issuance of the CBL is expected within six months following the BoD resolution, with a possibility for an extension of a further six months via virtue of a new BoD resolution.
Β) The re-election of the Company's Investment Committee comprising of Mssrs. A. Vgenopoulos, D. Malamatinas, S. Theodoropoulos, G. Efstratiadis and P. Throuvalas.