Marfin backs down from calling for OTE EGM

Marfin Investment Group (MIG) announces that following discussions between its Management and representatives of OTE, it was agreed that in the interests of OTE, its shareholders and personnel the Extraordinary Shareholders Meeting requested by MIG should not take place.

The Vice Chairman of the Board of Directors of MIG stated that it was mutually agreed that logic and common sense dictate that OTE needs peace in order to focus to its target for continuous improvement of the company for the interests of all shareholders.