Further to the announcement dated 27^th of December 2011, Marfin Popular Bank Public Co Ltd (MPB) announces that the sale of the total participation of MPB in Marfin Pank Eesti AS (MBE) of 70,54%  to UKRSELHOSPROM PCF LLC has been completed.  

The total cash consideration received for the transaction amounts to €6,6m and represents a multiple of 2.11 times of the Net Book Value of MPE as at 29^th March 2012 (non audited results).  The arising profit from the sale is approximately EUR 2.8m.

The transaction is in line with MPB's announced initiatives for divestment from non- core positions and repositioning itself on its Cyprus base which will constitute the growth and development platform of the Group across the key geographical areas.