MARFIN POPULAR BANK PUBLIC CO LTD

PRESS RELEASE

Increase of share capital by 488.6m, interim dividend 0,22 and

Convertible Capital Securities 660 m.

"MARFIN POPULAR BANK PUBLIC CO LTD" (the Bank) announces that an

Extraordinary General Meeting of the Shareholders was held today. The General
Meeting of the shareholders decided the following:

1. The unanimous approval of the increase of the share capital of the Bank by
488,6m via a rights issue of new shares to existing shareholders at a ratio of
one new share for every two shares held at a price of 1,00 per share. The
proposed issue price corresponds to a discount of 30% to the closing market
price of Marfin Popular Bank on the 1st of November 2010, the date on which
the relevant recommendation was announced. Shareholder Dubai Financial
Group stated that it will participate in the increase of the share capital.

2. The unanimous approval of the issue of Convertible Capital Securities upto a

total amount of 660m with a minimum conversion price of 1,80 per share.
Following the request of Dubai Financial Group and other shareholders of the
Bank the Convertible Debentures will be firstly offered to existing shareholders.

3. The unanimous approval of the amendment of the Articles of Association so that

the Board of Directors is empowered to decide the payment of interim dividends
by the distribution of shares or other securities of any kind. After the completion
the amendment of the Articles of Association and simultaneously with the
approval of the 9 months 2010 financial results, the Board of Directors will
decide the distribution of an interim dividend of 0,22 Euro, which is 10% below
the average closing price of the Banks share on the Cyprus Stock Exchange
and the Athens Stock Exchange for the period 11 to 15 October 2010.

MARFIN POPULAR BANK PUBLIC CO LTD

Stelios Hadjiosif
Secretary

Nicosia, 18 November 2010