MIG: Withdrawal of application for shareholding increase in MPB

Marfin Investment Group (“MIG”) announces that it has withdrawn its application to the Central Bank of Cyprus for an increase of its shareholding in Marfin Popular Bank of up to 30% through purchases of shares from the Stock Exchange. Due to the latest market developments, MIG has a number of available opportunities to deploy its strong liquidity and excess capital availability. In light of these developments, MIG‘s intention for the foreseeable future is to implement its strategy for further investments in the banking sector predominantly following agreements with the governments of various countries or through share capital increases of banks, if and when these may be needed.