Agreement between MIG and Aegean Airlines for the sale of Olympic Air to Aegean Airlines

22-Oct-2012 Marfin Investment Group Holdings S.A ("MIG") announces today the signing of the agreement for the sale of 100% of Olympic Air S.A ("Olympic") to Aegean Airlines S.A ("Aegean"). The transaction consideration is €72 million in cash to be paid in installments. Following completion of the transaction, Olympic will become a subsidiary of the listed Aegean. In addition, both the Olympic and Aegean brands will be used in parallel whilst each company will retain its distinct flight operations, fleet and personnel. The administrative, commercial and technical services will be consolidated gradually for the extraction of necessary cost synergies and the enhancement in the utilisation of fleet and netowrk.