RNS Number:8898A
IRF European Fin Investments Ltd
26 July 2007



IRF European Finance Investments Ltd

26 July 2007


         IRF European Finance Investments Ltd. ('IRF' or the 'Company')


                                 Share Buy-Back

IRF announces that yesterday the Company purchased for cancellation 3.5 million
common shares of $0.0015 each (the 'Purchased Shares') at an average price of
$4.4625 in the open market, for a total cost of $15.62 million.

Following completion of this share buy-back, the Purchased Shares will be
cancelled from trading on AIM and accordingly, the reduced issued share capital
trading on AIM will amount to 125,856,204 Common Shares.


About IRF

IRF was formed to invest in the financial services industry throughout Europe
with a primary focus on credit institutions and insurance companies in South
Eastern Europe.  IRF's current strategy is the acquisition of financial
institutions having valuations which do not reflect their potential and where
marketing and operational efficiencies are possible.  IRF owns a 20.56% interest
in Proton Bank S.A. ('Proton') and a 4.55% interest in Marfin Popular Bank.

Proton is a full service financial services institution, including retail and
investment banking as well the provision of specialized corporate advisory and
investment services.  Proton is listed on the Athens Shares Exchange under the
symbol 'PRO'.  For more information about Proton, please see www.proton.gr.

MPB is full-services financial institution that was created through the recent
merger of Marfin Financial Group, Laiki Hellas and Egnatia Bank.  As a result,
MPB is a regional financial institution with 312 branches in 12 countries.  MPB
is listed on the Athens Shares Exchange under the symbol 'MARFB'.  For more
information about MPB, please see www.laiki.com.

Enquiries of the Company may be made to the Company's Nominated Adviser, Numis
Securities Limited, attn: Jagjit Mundi (+44 20 7260 1284) or Nick Westlake (+44
20 7260 1345).



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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