RNS Number:0397B
IRF European Fin Investments Ltd
27 July 2007


IRF European Finance Investments Ltd
27 July 2007


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

                IRF sells remaining stake in Marfin Popular Bank

      Total gain realized from investment of approximately $110.0 million


IRF confirms that it has sold its entire remaining stake in Marfin Popular Bank
('MPB') of approximately 36.2 million shares in the open market for
approximately Euro347.2 million, net of all commissions.

Commencing January 29, 2007, IRF acquired, in a series of transactions,
approximately 41.4 million shares in MPB for total cash consideration of
approximately Euro330.1 million.  The average cost per MPB share acquired by IRF
was Euro7.97.

IRF's aggregate realised capital gain on the entire MPB investment, when
aggregated with the 5.2 million shares previously sold, is approximately Euro67.2
million ($92.1 million, using an exchange rate of Euro1.37), representing a return
of 20.4%.

IRF's aggregate realised gain, taking into account the dividend received from
Marfin, is approximately Euro80 million (approximately $110.0 million using an
exchange rate of Euro1.37), representing a return of 24.2%.

IRF first purchased shares in MPB on 29 January 2007.  Given the substantial
appreciation in value of the Company's interest in MPB over a short period, the
directors of IRF determined it was in the best interest of the Company to
dispose of its entire investment of MPB at this time, rather than continue to
hold this investment.


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').

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.

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
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