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30/06/2016

ANNOUNCEMENT

Reply to the Hellenic Capital Markets Commission's query

In response to the Hellenic Capital Markets Commission's query, dated 29.06.2016, in relation to the recent press reports regarding the financial and legal developments in the company "MARINOPOULOS S.A." and in order to effectively protect investors from rumours and unconfirmed information and the proper functioning of the stock market, MARFIN INVESTMENT GROUP HOLDINGS S.A. (hereinafter "MIG") would like to inform the investment community of the following:

  1. The total amount of MIG's receivables from the company "MARINOPOULOS S.A." as of 31.05.2016 consists of the following: DELTA group €18.7m, BARBA STATHIS-ARABATZIS group €7.7m, VIVARTIA €0.9m and SINGULARLOGIC group €1.3m. For the aforesaid receivables, cheques amounting to €27.2m have been presented, with additional cheque guarantees worth €6.3m, while the relevant provisions amount to €4.4m. Note that there have been no substantial changes during the current month.

  2. Sales towards the company "MARINOPOULOS S.A." represented 4.4% of consolidated Group revenues in 2015, while for the period 01.01.2016 to 31.05.2016 the sales represent 2.3% of consolidated Group revenues.

  3. Based on the above, it is estimated that the sales towards the company "MARINOPOULOS S.A." in 2016 will represent only a very small portion of the full-year Group consolidated revenues. The effect to both the consolidated Group results and consolidated Shareholder Equity cannot be currently assessed, since it will depend on the evolution as well as our participation in the restructuring process.

Marfin Investment Group SA Holdings published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2016 08:30:02 UTC.

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