MARFIN INVESTMENT GROUP (MIG) announces that DELTA FOODS S.A., a subsidiary of Vivartia Group, has signed a preliminary agreement to acquire a 43% stake in MEVGAL from the Papadakis - Chatzitheodorou families. The transaction is subject to the approval of the Hellenic Competition Commission.

The transaction consideration amounts to €4.5m, which will be paid following the repayment of an obligation worth €3.8m by MEVGAL to DELTA and the repayment of a convertible bond loan that is expected to be provided by the lending banks to MEVGAL as part of the company's financial restructuring plan. With this transaction DELTA will increase its stake in MEVGAL to 57.8%.

In the interim period until the transaction is approved by the Hellenic Competition Commission and the transfer of shares takes place, Mrs Mary Hatzakou will assume the position of Chairman of the Board and Mr Petros Papadakis the position of Vice Chairman and CEO.

MEVGAL is a 64-year old dairy company based in Northern Greece, commanding market shares of 6.3% in the total milk market and 5.7% in the total dairy & drinks market in Greece, with DELTA being the market leader in the total dairy & drinks market with 23.9% share. MEVGAL is the leading dairy company in Northern Greece with a market share that exceeds 20%. MEVGAL's FY2012 revenues amounted to €173m.

Commenting on the agreement, Vivartia Group CEO Mr Yannis Artinos stated “MEVGAL had entered into financial difficulties, amid prolonged challenging market conditions. The agreement with DELTA, supported by the excellent cooperation with Mrs Hatzakou, Mr Papadakis and the lending banks, paves the way for the company's survival. DELTA, with its know-how and the anticipated synergies, will help MEVGAL restore its growth outlook, for the benefit of its employees, the Greek dairy market, the Greek economy as well as its shareholders.”

The transaction is consistent to MIG's stated strategy of rebalancing its investment portfolio and focusing on distressed opportunities in its core competence sectors.

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 (SEE). 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 in its current structure has been listed on the Athens Stock Exchange since July 2007. Its portfolio includes leading companies in sectors across the SEE region, grouped into Food & Beverages, Healthcare, IT & Telecoms, Transportation & Shipping, Real Estate, Tourism & Leisure. Included amongst its portfolio and subsidiary companies is Vivartia, a leading food and food retail business in SEE; Attica Group, a leading passenger ferry operator in the Eastern Mediterranean; Hygeia Group, a market leader in integrated private hospitals and clinics in SEE, with the leading general hospital facilities and maternity clinics in Greece; SingularLogic, the leading IT operator in Greece; Flight Ambulance International (FAI) a top-5 global fixed-wing medical evacuation company; Sunce (Bluesun) a leading hospitality and leisure group in Croatia; and Robne Kuce Beograd (RKB), owner of the largest commercial real-estate portfolio in Serbia.