Marfin Popular Bank calls EGM for share options scheme

Marfin Popular Bank Public Co Ltd announces that an Extraordinary General Meeting will be held at Hilton Cyprus Hotel, Nicosia on 19 May 2009, immediately after the conclusion of the Annual General Meeting to approve amendment to the terms of the share options scheme.
Within the framework of the implementation of the Share Options Scheme, up to 80 mln shares of the Bank of eighty five cents nominal value each may be issued to staff, without the shares first being offered to the existing shareholders of the Bank as provided by the Articles of Association of the Bank and the law.
Marfin Popular Bank also wants shareholder approval to increase the nominal share capital of the Bank from EUR 807.5 mln to EUR 935 mln by the creation of 150 mln additional shares of EUR0,85 nominal value each.

SPECIAL RESOLUTION
Authorisation of the Board of Directors of the Bank that, within the framework of the terms of Issue of Capital Securities up to EUR 250 mln in one or more tranches as approved by the Board of Directors of the Bank at its meeting held on 19 March 2009 and especially within the framework of the Alternative Satisfaction Mechanism for Interest Not Paid, to issue up to 103 mln ordinary or preference shares of the Bank without the shares being first offered to the existing shareholders of the Bank as provided by the Articles of Association of the Bank and the law.
The record date determining the persons entitled to exercise their voting rights at the above Meeting is set to be 15 May 2009.