MARFIN FINANCIAL GROUP HOLDINGS S.A. announces that the Board of Directors elected by the Repeating Annual General Shareholders Meeting held on 22.5.2006 was constituted as follows:

1. Soud Ba' alawy, Chairman - Executive Member,
2. Andreas Vgenopoulos - Vice-Chairman and C.E.O., Executive Member,
3. Elefhterios Chiliadakis, Executive Member,
4. Efthimios Bouloutas, Executive Member,
5. Udayan Bose, Executive Member,
6. Sayanta Basu, Executive Member,
7. Manolis Xanthakis, Non-Executive Member,
8. Despina Theocharaki, Non-Executive Member,
9. Abdulhakeem Kamkar, Non-Executive Member,
10. Achilleas Makris, Independent Non-Executive Member,
11. Dionisios Malamatinas, Independent Non-Executive Member,
12. Konstantinos Los, Independent Non-Executive Member, and
13. George Lassados, Independent Non-Executive Member.

Furthermore, the Board of Directors resolved unanimously that the Executive Committee will be composed of Messrs Andreas Vgenopoulos as Chairman, Eleftherios Chiliadakis, Efthimios Bouloutas, Udayan Bose and Sayanta Basu as Members.

Finally the Board of Directors resolved unanimously that the Audit Committee will be composed of three Non-Executive Members of the Board of Directors, i.e. Messrs George Lassados, Dionisios Malamatinas and Konstantinos Los.