• 9M 2012 group sales reached €1,140.6m, compared to €1,208.8m in 9M 2011, amid worsening economic conditions in Greece. Despite an accelerated GDP contraction in Greece, group sales declined at a decelerating pace vs. H1 2012
• 9M 2012 gross profit amounted to €201.6m, vs. €206.9m in 9M 2011, which, in the context of declining revenue, reflects the successful impact of continuous, group-wide, cost containment efforts. The latter is largely evident in the gross profit margin improvement to 17.7% from 17.1% in 9M 2011
• 9M 2012 group EBITDA from recurring business operations^* surged to €44.5m compared to €13.1m in 9M 2011, driven by positive operating “jaws”. Group reported EBITDA almost doubled on an annual basis to €34.6m, vs. €19.2m in 9M 2011
• Consolidated losses after tax and minorities, excluding impairment charges, for 9M 2012 reached €146.4m, vs. comparable losses of €125.4m in 9M 2011
• 9M 2012 results have been negatively impacted by the reclassification of the value of the investment in Cyprus Popular Bank by an amount of €818.5m (impairment charge), resulting to an after tax loss of €951.9m at company level and €965.7m at group level. An impairment charge of €811m for this investment had already been accounted for in H1 2012
• 9M 2012 Group Net Asset Value (NAV) stood at €1.56bn or €2.03 per share; cash at company level amounted to €107.3m
• In October 2012, MIG announced the agreement to sell 100% of Olympic Air to Aegean Airlines for a cash consideration of €72m, paid in instalments. The agreement is subject to the approval of the European Competition Commission

* EBITDA from recurring business operations is defined as Group reported recurring EBITDA excluding holding companies

ATHENS – Marfin Investment Group (MIG) announced today its nine months 2012 results. Consolidated sales amounted to €1,140.6m from €1,208.8m in the respective period last year, largely hindered by the protracted economic recession in Greece. Nonetheless, group turnover declined at a decelerating pace compared to H1 2012 (-6% vs. -8% in H1 2012). Gross profit reached €201.6m, a mere €5m annual decline, significantly below the annual turnover reduction, reflecting the cost containment effectiveness and improved efficiency across the companies of the Group. The running rate of these cost efficiencies are expected to demonstrate even more tangible benefits in the coming quarters. Group reported EBITDA almost doubled year-on-year to €34.6m in 9M 2012, compared to €19.2m in 9M 2011, on account of the aforesaid positive operating “jaws”. 9M 2012 bottom-line results have been burdened by the reclassification of the value of the investment in Cyprus Popular Bank by an amount of €818.5m (impairment charge). An impairment charge of €811m for this investment had already been accounted for in H1 2012. That said and at a group level, 9M 2012 consolidated loss after tax and minorities, excluding impairment charges, amounted to €146.4m, while at the company level the loss stood at €39.3m. Worth noting that the aforementioned reclassification does not impact the Net Asset Value (NAV) as the respective charges have already been passed through both the parent and consolidated equity in the past. 9M 2012 group NAV remained unchanged compared to H1 2012 at €1.56bn, or at €2.03 on a per share basis, implying that current share price levels incorporate an 83% discount to NAV (based on the closing price on 28 November). MIG's cash at the parent company level amounted to €107.3m and €260.8m at a group level.

Despite Greece's protracted economic recession and its subsequent adverse impact to domestic disposable income, a number of MIG's portfolio companies have succeeded in improving their overall performance over the same period last year. In all respects, these companies continue to lead their respective market, outperforming their peers and maintaining or even growing their leading market shares. Management remains committed to its stated strategy of implementing comprehensive cost rationalization plans, generating long-term growth and focusing on core portfolio assets with sound fundamentals that will generate shareholder value as the Greek economy slowly recovers from the deepest recession in its recent history.

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. 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 listed on the Athens stock exchange, holding a portfolio of leading companies in sectors across the SEE region, grouped into Food & Beverages, Healthcare, Transportation & Shipping, IT & Telecoms, 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.