• Consolidated sales for H1 2012 reached €698.5m, compared to €758.0m in H1 2011
• Gross profit for H1 amounted to €95.6m, compared to €96.8m in H1 2011 despite the decline in sales, thus reflecting the successful impact of cost containment efforts group wide which resulted in a significant reduction in the Cost of Sales of €58.3m
• H1 2012 EBITDA stood at -€16.4m compared to -€21.5m during the same period last year, an improvement despite the substantially lower sales
• At group level, the consolidated loss after tax and minorities for H1 2012 (excluding impairment charges) amounted to €148.5m compared to a comparable loss of €108.8m in H1 2011
• At company level, the recurring loss after tax for the H1 2012 (excluding impairment charges) amounted to €29.2m compared to a profit of €1.0m for the same period last year
• For H1 2012, the Group's Net Asset Value stands at €1.56bn, or €2.03 per share; current cash at company level amounts to €92.4m
• MIG continues to successfully implement a group-wide restructuring of loans across the whole portfolio of companies

ATHENS– Marfin Investment Group (MIG) announced today its First Half 2012 results.  The group reported consolidated sales of €698.5m. Gross profit stood at €95.6m coming in almost flat to last year (€96.8m) despite the drop in sales. 1H 2012 EBITDA improved to -€16.4m from -€21.5m the year before, reflecting the successful cost containment efforts group-wide. The consolidated loss after tax and minorities (excluding impairment charges) for the period amounted to €148.5m. H1 2012 results have been negatively affected from the reclassification of the value of the investment in Cyprus Popular Bank (ex Marfin Popular Bank) by an amount of €811m leading to a loss after tax of €934.2m at company level and €960.2m at group level.  It is important to note that the reclassification does not impact the Net Asset Value (NAV) as the respective charges have already passed through both the company and consolidated equity in the past. The NAV of the group currently stands at €1.56bn, representing a NAV of €2.03per share.  Finally, cash at company level amounts to €92.4m.

The first half of 2012 continued to be affected by the ongoing economic and political crisis inGreece, as well as the seasonality affecting the majority of MIG companies.  Under such conditions, MIG companies retained their number one market shares whilst further streamlining their costs. 

Contacts:

Investor Relations: +30 210 350 4031

About MIG:  Marfin Investment Group Holdings S.A. is an international investment holding company based inGreece and throughoutSoutheastern Europe.  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 is quoted on theAthens stock exchange and has a portfolio of 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 the region; Attica Group, a leading passenger ferry operator; Olympic Air, Greece's national flag carrier; the Hygeia Group of hospitals, a leading private hospital group in Greece, Cyprus and Albania;  SingularLogic, the leading IT operator in Greece; and RobneKuce Beograd, the largest chain of department stores in Serbia.  The company has been listed on the Athens Stock Exchange since July 2007.