Further to the recent meeting of the Minister of Economy and Finance Mr. G. Alogoskoufis with the Vice-President of MARFIN INVESTMENT GROUP Mr. A. Vgenopoulos with regard to the present condition and the business and strategic prospects of the Hellenic Telecommunications Organization (HTO), MIG wishes to advise its shareholders and investors as follows:
1. The investment of MIG in HTO is of a strategic/long term investment type. The position of MIG in HTO may be increased or decreased, depending on the prevalent market conditions, the current conditions of the stock exchange and the developments in the strategy and performance of HTO.
2. MIG intends to maintain an excellent co-operation with the government with regard to the future of HTO. It is logical that any strategic decisions of the government regarding further privatization of HTO will be adopted with a view to the interests of all shareholders, both as regards the price of the share as well as the further prospects of HTO. In this light, we believe that the presence of an additional major shareholder who intends to fully co-operate with the government not only broadens the available options but is clearly supportive as well.
3. MIG is an active shareholder. It wishes to participate at the Board of Directors of HTO for the purpose of contributing its views in light of the important decisions to be adopted with regard to the exponential developments in the sector of telecommunications. Out of respect for market regulations and proper corporate administration, we believe that the government should not object to this intention which can only have a positive effect on the development of the government's investment as well.
4. Following the recent discussion with the Minister, it became clear that there is a common approach to certain issues of great strategic importance. These issues are the undisputable and complete authority of the government in matters of National Security, the improvement of working conditions and development prospects of workers and the maintenance and expansion of the leading position of HTO in the area of south-eastern Europe, while still based in Greece.
5. MIG is neither a profit fund nor an equity fund investing with a view to quick liquidation and easy profit. It is an investment and strategic long-term holding company and, despite the fact that its investment plan is currently taking its first steps, MIG is already controlling various leading companies in health, foods and IT sectors, while it has also made significant investments in tourism and real estate. MIG is an entity of significant fund investments, mostly originating from the state of Dubai, and from foreign strategic and institutional portfolios. Its investments in Greece aim at the creation of "supranational champions" with a leading presence in the broader area of south-eastern Europe, and are equally positive for the personnel employed in the Group, its shareholders and the National Economy too.

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