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Laiki Inv.: Name change to Marfin CLR – Issue of 85.7m shares to CLR

Further to the previous announcements on the decisions of the Extraordinary General Meeting held on October 17, 2008, Laiki Investment EPEY Public Company Ltd would like to inform the investing public that on January 5, 2009 the Companies’ Superintendent certified the change of the Company’s name to Marfin CLR Public Co Ltd and registered the new name in the Companies Superintendent’s register. As a result, the Company’s name in the Cyprus Stock Exchange will change to Marfin CLR Public Co Ltd.

Also, Marfin CLR Public Co Ltd announces that after taking into account the terms of the Reorganization and Merger Plan dated August 1, 2008 according to which CLR Capital Public Limited has merged with the Company which has been approved by the General Meetings of the shareholders and the creditors as well as CLR on October 17, 2008 and has been further approved and ratified by the Nicosia District Court on December 12, 2008, the Board of Directors decided to issue and allocate 85,712,953 new ordinary shares of Marfin CLR to the shareholders of CLR. The new ordinary shares, which will rank pari passu with the existing shares of Marfin CLR, will be allocated to the ratio of 0.3726 shares of Marfin CLR of nominal value €0.34 each for every share of CLR of nominal value €0.17 each.

It is noted that for the listing of the new shares in the CSE, a Prospectus and a Supplementary Prospectus have been issued, which have been approved by the Securities and Exchange Commission on November 18 and December 31 respectively.

Following the above, the issued and fully paid share capital of Marfin CLR will stand at €97,142,404.02 divided into 285,712,953 ordinary shares of nominal value €0.34 each.

Friday, 9 January, 2009 - 10:05