MIG HOLDINGS S.A.
Response to the Hellenic Capital Markets Commission’s letter in relation to the Group’s exposure in Cyprus
Subsequent to the Group's announcement issued on March 20, 2013 and in response to an additional question by the Hellenic Capital Markets Commission (letter with protocol number 1257/27.03.2013), MARFIN INVESTMENT GROUP HOLDINGS S.A. (MIG) would like to inform the investment community of the following:
The Group's cash deposits over €100,000 in Cyprus are held at “Cyprus Popular Bank Public Co Ltd” (CPB) and amount to €5m, while the Group's borrowings with the same bank are estimated to amount to €5.2m.
Taking into account all of the above, MIG reaffirms that any developments in Cyprus are not expected to have a material impact on the operations and financial results of the group.