MIG announces agreement to acquire a participation in "FLIGHT AMBULANCE INTERNATIONAL" | Press Release

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Press Release

Issued by FAI rent-a-jet.

December 1, 2008

MIG announces agreement to acquire a participation in "FLIGHT AMBULANCE INTERNATIONAL"

Marfin Investment Group Holdings S.A. ("MIG") announces the acquisition of approximately 49.99% of the equity capital of FLIGHT AMBULANCE INTERNATIONAL RENT-A-JET AKTIENGESELLSCHAFT ("FAI" or the "Company") from the Company's main shareholder Axtmann Beteiligungs GmbH for a consideration of Euro 15 million (the "Transaction"). As part of the Transaction, MIG has retained a 2-year option to potentially increase its participation to 51% of the Company's share capital for an additional consideration of Euro 2.5 million.

FAI, is one of the top 3 fixed-wing medical evacuation companies in Europe, one of the top 5 globally and one of the few approved air service providers for the worlds' largest NonGovernmental Organisations (NGOs). The Company is based in Nuremberg, Germany, and offers private aviation services to corporate, governmental and non-governmental organisations and individuals, specialising in medical evacuation.