MIG HOLDINGS S.A.

Withdrawal of decision for share capital increase

The Board of Directors of Marfin Investment Group decided today to withdraw its earlier decision for a share capital increase of the Company, due to the increased economic and political uncertainties which currently make the raising of new capital as well as the pursuit of new investment opportunities prohibitive. The share capital increase will be re-examined in September, taking into account the prevailing conditions at the time which will determine the Company's strategy going forward.