• Consolidated Q1 2013 revenues of €268.8m, a 4% annual reduction, amid deteriorating macroeconomic conditions in Greece
• EBITDA from recurring business operations[1] amounted to a loss of €6.0m, a significant improvement vs. €13.9m loss in Q1 2012, despite prolonged economic contraction. Reported group EBITDA loss of €9.4m, vs. €16.8m in Q1 2012
• Loss before income tax amounted to €63.6m vs. €71.2m in Q1 2012
• Consolidated net loss, after tax and minorities, of €104.3m, vs. €81.7m, adversely impacted by deferred taxes (€35m) and discontinued operations' losses (€17.7m). Net loss at the parent company level of €7.6m vs. €10.2m net loss in Q1 2012
• Q1 2013 Net Asset Value (NAV) at €1.24bn, translating to a NAV per share of €1.61
• Cash balances of €175m at group and €106m at parent company level. Receivables from the Greek state amounted to €128m in Q1 2013
• MIG has gradually disinvested from Cyprus, following the successful sale of two hospitals (Achillion and Evangelismos). MIG's residual exposure in Cyprus is currently through Hilton Cyprus and Vivartia's 10% minority stake in the dairy company “Charalambides-Christes Ltd”. These investments cumulatively account for approximately 1% of group turnover
• Convertible Bond Loan (CBL) issue up to €660,281,301 currently under way; pre-emption rights and pre-subscription rights exercise period extended until 27 June 2013 and trading period until 20 June 2013

ATHENS – Marfin Investment Group (MIG) announced today its First Quarter 2013 results. Consolidated sales amounted to €268.8m compared to €280.6m last year, implying a 4% annual reduction, due to deteriorating macroeconomic conditions in Greece. Note that the first quarter of the year is the seasonally weakest for almost all of MIG's operating companies.

Group EBITDA from recurring business operations amounted to a loss of €6.0m, a significant improvement compared to a loss of €13.9m in the respective period last year, despite prolonged adverse market conditions. Group reported EBITDA amounted to €9.4m loss vs. €16.8m loss in Q1 2012 (note that there were no asset revaluation losses registered this quarter). Cost containment effectiveness and improved efficiency remains an ongoing target, amid challenging market conditions. The running rate of cost rationalisation is expected to demonstrate higher tangible benefits in the coming quarters.

Q1 2013 group bottom-line results have been burdened by deferred taxes of €35m (as a result of the introduction, as of 1 January 2013, of a higher corporate tax rate of 26% vs. 20% before) and discontinued operations' losses of €17.7m. That said and at a group level, Q1 2013 net losses, after tax and minorities, amounted to €104.3m, compared to net losses of €81.7m in the respective last year. On a recurring basis, after excluding deferred taxes, group net losses, after minorities, amounted to €74.2m compared to net losses of €81.7m in Q1 2012.

Q1 2013 Net Asset Value (NAV) stood at €1.24bn, or at €1.61 on a per share basis, implying that current share price levels incorporate an 78% discount to NAV (based on the closing price on 30 May 2013).

MIG's cash at the parent company level amounted to €106m and €175m at group level. Worth noting that MIG's group receivables from the Greek state amounted to €128m at the end of March 2013, compared to €146m at the end of 2012.

MIG has successfully curtailed the group's exposure to Cyprus, by disposing of two hospitals operated in Cyprus by Hygeia Group (namely Achillion in March 2013 and Evangelismos in April 2013). That said MIG's residual exposure to Cyprus is currently reflected through the investment in Hilton Cyprus and Vivartia's 10% minority stake in the dairy company “Charalambides-Christes Ltd”. The total turnover of these businesses constitutes approximately less than 1% of group turnover.

Despite protracted challenging macroeconomic conditions in Greece and their subsequent adverse impact to domestic demand and disposable income, a number of MIG's portfolio companies have succeeded in improving their overall performance compared to last year.

With reference to the contemplated up to €660,281,301 Convertible Bond Loan (CBL) issue, with pre-emption rights in favour of existing shareholders, MIG announced on 23 May 2013 the extension to the pre-emption and pre-subscription rights exercise and trading period (on account of the obligation to publish an Addendum of the Prospectus). Therefore the new period for exercising pre-emption and pre-subscription rights will run until 27 June 2013 (inclusive), while the rights trading period will last until 20 June 2013 (inclusive).

Contacts:

Investor Relations: +30 210 350 4046

InvestorRelations@marfingroup.gr

About MIG: Marfin Investment Group Holdings S.A. is an international investment holding company based in Greece and throughout Southeast Europe (SEE). The Company believes it is uniquely positioned to take advantage of an expanding array of investment opportunities in this region; opportunities in which traditional investment vehicles lacking MIG's regional focus, scale, expertise, and/or its investment flexibility and financial resources, may find difficult to identify and exploit. MIG has been listed on the Athens Stock Exchange since July 2007. Its portfolio includes leading companies in sectors across the SEE region, grouped into Food & Beverages, Healthcare, IT & Telecoms, Transportation & Shipping, Real Estate, Tourism & Leisure, Environmental, and Financial Institutions sectors. Included amongst its portfolio and subsidiary companies is Vivartia, a leading food and food retail business in SEE; Attica Group, a leading passenger ferry operator in the Eastern Mediterranean; Flight Ambulance International (FAI) a top-5 global fixed-wing medical evacuation company; Olympic Air, Greece's national flag carrier; Hygeia Group, a market leader in integrated private hospitals and clinics in SEE, with the leading general hospital facilities and maternity clinics in Greece; Singular Logic, the leading IT operator in Greece; Sunce (Bluesun) a leading hospitality and leisure group in Croatia; and Robne Kuce Beograd (RKB), owner of the largest commercial real-estate portfolio in Serbia.